YMT.US Seeks $40 Million IPO to Expand Agricultural B2B Platform

YMT.US, a prominent agricultural industry internet company in China, has filed an application with the U.S. Securities and Exchange Commission (SEC) to raise up to $40 million through an initial public offering (IPO). The company aims to become the largest agricultural B2B platform in mainland China by the end of 2024, measured by the number of active merchants per month.

YMT.US offers a comprehensive suite of digital solutions to facilitate agricultural product transactions, covering everything from search and matching to transaction facilitation and settlement. As of December 31, 2024, the platform boasts over 38 million merchants and approximately 21 million SKUs. Founded in 2011, the company generated $22 million in revenue for the 12 months ending December 31, 2024.

YMT.US plans to list on the Nasdaq under the ticker symbol YMT, with Tiger Securities serving as the sole underwriter for the transaction. The company has not yet disclosed the pricing terms for the IPO. This move by YMT.US underscores the growing interest in the agricultural B2B sector and the potential for digital platforms to revolutionize traditional supply chains. The IPO will provide YMT.US with the necessary capital to expand its services and further solidify its position as a leader in the agricultural industry.