YSX Tech Co., Ltd.
General Information | |
Business: | We, through the YSX Operating Companies, provide comprehensive business solutions to enterprise customers, mainly insurance companies and brokerages, in China. (Incorporated in the Cayman Islands)The YSX Operating Companies possess in-depth knowledge of the Chinese insurance industry accumulated from years of servicing their customers, and specialize in auto insurance aftermarket value-added services, software development and information technology services, as well as other scenario-based customized services, such as customer development services. For fiscal year 2023, the YSX Operating Companies provided the aforementioned services to a total of 52 clients, including 26 insurance company customers and 10 insurance brokerage customers, some of which are well-known established companies in China, such as PICC Property and Casualty Company Limited (“PICC”), China Ping An Property Insurance Co., Ltd (“Ping An”), CPIC (China Pacific Insurance (Group) Co Ltd (“CPIC”), and China United Insurance Group Company Ltd (“CUIG”). Currently, the YSX Operating Companies primarily operate in Xinjiang Province and Guangdong Province in China, where the majority of their customers are located.Note: Net income and revenue are in U.S. dollars for the fiscal year that ended March 31, 2024.(Note: YSX Tech Co., Ltd. priced its small-cap IPO at $4.00 – the bottom of its $4.00-to-$6.00 price range – and sold 1.25 million shares – the number of shares in the prospectus – to raise $5.0 million on Tuesday night, Dec. 17, 2024.)(Note: YSX Tech Co., Ltd. filed an F-1/A dated Sept. 5, 2024, and disclosed that Kingswood Capital Partners is now the sole book-runner; US Tiger Securities is no longer involved with this IPO.)(Note: YSX Tech Co., Ltd. filed its F-1 and disclosed the terms for its IPO on June 18, 2024: The company is offering 1.25 million shares at a price range of $4.00 to $6.00 to raise $6.25 million. Background: YSX Tech submitted confidential IPO documents to the SEC on Sept. 15, 2023.)
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Industry: | Insurance |
Employees: | 40 |
Founded: | 2011 |
Contact Information | |
Address | 401, 4 / F, Building 12, 1601 South Guangzhou Avenue, Haizhu District, Guangzhou, Guangdong, PRC |
Phone Number | (86) 020-29842002 |
Web Address | https://www.ysxnet.com/ |
View Prospectus: | YSX Tech Co., Ltd. |
Financial Information | |
Market Cap | $110.36mil |
Revenues | $58.5 mil (last 12 months) |
Net Income | $4.6 mil (last 12 months) |
IPO Profile | |
Symbol | YSXT |
Exchange | NASDAQ |
Shares (millions): | 1.3 |
Price range | $4.00 - $4.00 |
Est. $ Volume | $5.0 mil |
Manager / Joint Managers | Kingswood Capital Partners |
CO-Managers | |
Expected To Trade: | 12/18/2024 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |