Chinese agricultural B2B e-commerce platform YMT.US prices IPO at 4.1-5 USD/ADS, planning to raise 23 million USD.

Leading Chinese agriculture industry internet company YMT.US announced the terms of its initial public offering (IPO) on Tuesday. The Beijing-based company plans to issue 5 million American Depositary Shares (ADS), representing 10% of the total share capital, at a price range of $4.10 to $5.00 per share, with expected financing of $23 million. Based on the midpoint of the price range, YMT's fully diluted market value will reach $626 million. YMT stated that based on the number of active merchants by 2024, it will become the largest agriculture B2B platform in mainland China. The company provides a full range of digital solutions, covering every aspect from search and match to transaction facilitation and settlement, aiming to promote efficient and convenient trading of products by the Shenzhen Agricultural Power Group. As of December 31, 2024, the YMT platform has over 38 million merchants, offering around 21 million SKUs, operating in over 340 cities and 2,800 counties in China. In 2024, the platform facilitated approximately 147 million searches, 583 million phone calls and instant messages, and over 187 million potential transactions, demonstrating strong trading activity and market influence. Established in 2011, YMT generated revenue of $22 million in the twelve months ending on March 31, 2025. The company plans to list on Nasdaq with the stock symbol "YMT". UP Fintech Holding Ltd. Sponsored ADR Class A will serve as the exclusive bookrunner for this IPO.