We advised YXT.COM on its IPO and Nasdaq listing

Davis Polk advised YXT.COM GROUP HOLDING LIMITED (YXT) on its SEC-registered initial public offering of 2,273,000 American depositary shares (ADSs) for total proceeds of approximately $25 million. Each ADS represents three Class A ordinary shares of YXT. YXT has granted the underwriters an option to purchase up to an additional 340,950 ADSs. The ADSs are listed on the Nasdaq Global Market under the symbol “YXT.”

YXT is a leader and disruptor of the digital corporate learning industry in China. According to Frost & Sullivan, YXT is the largest digital corporate learning solution provider in China in terms of total revenue, subscription revenue and number of subscription customers in 2023. YXT has innovated a SaaS model that integrates software and content, effectively assisting customers in the digital transformation of corporate learning.

The Davis Polk corporate team included partners Li He and Ran Li and registered foreign lawyer Xiaofei Ye. Partner Gregory S. Rowland and counsel Sarah E. Kim provided 1940 Act advice. Associates Kelli A. Rivers and Ya Sheng Lin provided tax advice. Members of the Davis Polk team are based in the Hong Kong, Beijing, London and New York offices.

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