Youxin Technology: Chinese Software Provider for Retailers Boosts IPO Deal Size and Raises $9 Million with Revised Terms

Youxin Technology, a Chinese software provider for retailers undergoing digital transformation, has announced an increase in the proposed deal size for its upcoming IPO. The company, based in Guangzhou, China, is now planning to raise $9 million by offering 2.3 million shares at $4 each. This is an increase from the previously planned offering of 2 million shares at the same price. With these revised terms, Youxin Technology will generate 15% more proceeds than previously anticipated.

In addition to the shares being offered by the company, selling shareholders have also registered 1.9 million shares through a separate resale prospectus. Youxin Technology provides software-as-a-service (SaaS) and platform-as-a-service (PaaS) solutions to mid-tier retailers undergoing digital transformation. The company generates revenue primarily from professional services and payment channel services. In the fiscal year 2022, Youxin had 25 professional services customers and 183 payment channel services, with a focus on sectors such as consumer goods, cosmetics, and food and drink.

Youxin Technology was established in 2018 and reported $1 million in revenue for the 12 months ending on September 30, 2023. The company plans to list on the Nasdaq under the symbol YAAS, with Univest Securities serving as the sole bookrunner on the deal.

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Youxin Technology is a Chinese provider of digital transformation software and services for retailers that has recently increased its proposed IPO deal size. Based in Guangzhou China, Youxin plans to raise $9 million by offering 2.3 million shares at $4 each instead of initially planning to offer 2 million shares at the same price.

This increase in proceeds will allow Youxin Technology to provide more resources towards its mission of helping mid-tier retailers undergo digital transformation through software-as-a-service (SaaS) and platform-as-a-service (PaaS) solutions.

Youxin’s primary revenue streams are from professional services and payment channel services which helped them generate $1 million in revenue for the fiscal year ending September