YXT.com Group (YXT) said late Wednesday it closed its initial public offering of approximately 2.3 million American depositary shares at $11 each on Monday for gross proceeds of about $25 million.
Each ADS represents three class A shares. Underwriters have a 30-day overallotment option to acquire up to 340,950 additional ADSs, the company said.
The shares started trading on the Nasdaq Global Market under the YXT ticker symbol Friday.
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