Youxin Technology IPO Successfully Completed with Aegis Capital
Deal News | Dec 27, 2024 | Olshan Frome Wolosky LLP
Olshan Frome Wolosky LLP advised Aegis Capital Corp., which acted as the sole book-running manager for Youxin Technology Ltd.'s initial public offering (IPO) that raised $10.35 million. Youxin Technology, a Cayman Islands-incorporated holding company with subsidiaries operating in China, went public by offering Class A ordinary shares. The company specializes in cloud-based software as a service (SaaS) and platform as a service (PaaS) aimed at helping retail enterprises in Mainland China with digital transformation. The funds raised from the IPO are earmarked for research, product development, and expanding sales and marketing efforts. The shares of Youxin Technology are now listed on The Nasdaq Capital Market under the symbol 'YAAS.' The advisory team from Olshan was led by corporate partner Spencer Feldman, associate Dakota Forsyth, and corporate partner Kenneth Schlesinger.
Sectors
- Legal Services
- Financial Services
- Technology
- Retail
Geography
- United States – The IPO took place with shares listed on The Nasdaq Capital Market in the U.S.
- Cayman Islands – Youxin Technology is incorporated in the Cayman Islands.
- China – Youxin Technology operates through its subsidiary in Mainland China.
Industry
- Legal Services – Olshan Frome Wolosky LLP provided legal advisory services for the IPO.
- Financial Services – Aegis Capital Corp. acted as the sole book-running manager for the IPO.
- Technology – Youxin Technology operates in the technology sector, offering cloud-based SaaS and PaaS solutions.
- Retail – Youxin's services are tailored to aid retail enterprises in their digital transformation.
Financials
- $10,350,000 – The total proceeds from Youxin Technology's initial public offering.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Olshan Frome Wolosky LLP | Legal Advisor | Company | Provided legal counsel to Aegis Capital Corp. for the IPO. |
| Aegis Capital Corp. | Book-running Manager | Company | Acted as the sole book-running manager for Youxin Technology's IPO. |
| Youxin Technology Ltd. | Target Company | Company | Conducted an initial public offering and is a provider of SaaS and PaaS solutions. |
| Spencer Feldman | Corporate Partner | Person | Led the Olshan advisory team during the IPO. |
| Dakota Forsyth | Associate | Person | Assisted in the legal advisory for the IPO. |
| Kenneth Schlesinger | Corporate Partner | Person | Assisted the legal team in the IPO. |