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Yimutian Inc. (YMT) priced its initial public offering of 5,010,000 American depositary shares at $4.10 per ADS, raising approximately $20.5 million. The agricultural B2B platform company is offering 4,522,000 ADSs while selling shareholders are offering 488,000 ADSs.
Each ADS represents 25 Class A ordinary shares of the Beijing-based company. The underwriter has a 45-day option to purchase up to 678,300 additional ADSs at the IPO price minus underwriting discounts and commissions.
The company plans to use proceeds for enhancing digital agricultural commerce services, developing technological infrastructure for new business initiatives, expanding agricultural sourcing and trading services, and general corporate purposes.
Trading on the Nasdaq Stock Market under the symbol "YMT" began August 19, 2025, with the offering expected to close August 20, 2025. US Tiger Securities, Inc. serves as the representative of the underwriter.
Yimutian operates an agricultural B2B platform in mainland China. As of March 31, 2025, the company served over 39 million merchants and hosted approximately 21 million stock keeping units. In 2024, the platform connected over 770,000 sellers with over 6 million buyers.
The company has expanded beyond its core platform services into smart farming and agricultural sourcing and trading. The Securities and Exchange Commission declared the registration statement for the offering effective.