Youxin Technology (YAAS) said late Thursday it priced its initial public offering of 2.3 million class A ordinary shares at $4.50 per share for expected gross proceeds of about $10.4 million.
The company said its shares have been approved for listing on the Nasdaq Capital Market and are set to begin trading on Friday under the ticker "YAAS."
Youxin Technology said it granted the underwriters a 45-day option to purchase up to 345,000 additional shares.
The proceeds from the offering, expected to close on Dec. 23, will fund research and development, sales and marketing efforts, as well as general corporate purposes.
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