Youxin Technology Ltd (Nasdaq: YAAS), a cloud-based software and platform provider for retail digital transformation, successfully completed its initial public offering (IPO). The offering consisted of 2,300,000 Class A ordinary shares priced at US$4.50 each, generating gross proceeds of US$10.35 million before expenses. Trading commenced on Nasdaq on December 20, 2024, under the symbol “YAAS.”
The company also granted underwriters a 45-day option to purchase up to an additional 345,000 shares at the IPO price, less underwriting discounts. Net proceeds will fund research and development (including SaaS product development and cloud services), sales and marketing (expanding distribution channels), and general corporate purposes (including capital expenditures, strategic investments, and acquisitions).
Aegis Capital Corp. served as the sole book-running manager. Kaufman & Canoles P.C. acted as U.S. counsel for Youxin Technology, and Olshan Frome Wolosky LLP represented Aegis Capital Corp.
The SEC declared effective the registration statement (Form F-1, File No. 333-274404) on December 19, 2024. The final prospectus is available on the SEC website and from Aegis Capital Corp. (contact details provided).
This announcement does not constitute an offer to sell or a solicitation of an offer to buy securities, and any sale must comply with applicable registration requirements.
About Youxin Technology Ltd
Youxin Technology offers cloud-based SaaS and PaaS solutions, enabling retail businesses to digitally transform their operations. Its omnichannel solutions integrate store innovations, inventory management, cross-channel data, and e-commerce capabilities (mobile apps, social media, web). The company’s platform connects retailers with distributors, sales staff, stores, and customers, providing real-time sales data for improved issue resolution. Visit the company website for more information.
Cautionary Note Regarding Forward-Looking Statements
This release may contain forward-looking statements, subject to risks and uncertainties. Actual results may differ materially from those anticipated. The company does not undertake to update forward-looking statements unless legally required.
For more information, please contact:
Youxin Technology Ltd.
Investor Relations Department
Email:
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email:
