Yimutian Inc

YMT

Market cap $175M

BEIJING, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Recently, Yimutian Inc. (the “Company” or “Yimutian”), a leading agricultural digital service company in China, and BC Technology (Hong Kong) Limited (hereinafter referred to as "BC Technology"), a benchmark enterprise in Hong Kong's digital asset sector, formally signed a strategic cooperation agreement. Leveraging their respective core advantages in agricultural industry resources and digital asset services, the two parties will carry out in-depth cooperation in areas including cross-border payment and settlement, the development of agricultural RWA (Real-World Asset digitization) products, and the exploration of new business scenarios. Together, they aim to promote the digital transformation of global agricultural trade and inject new impetus into the high-quality development of the agricultural industry.

Two small issuers and one SPAC priced offerings this past week, but there was big news in the pipeline, as a few large names submitted initial filings. The week's largest deal came from the sole blank check IPO, Cantor Equity Partners IV, which raised $400 million in the year's second largest SPAC offering. Street research is expected for four companies in the week ahead, and three lock-up periods will be expiring.

BEIJING , Aug. 19, 2025 /PRNewswire/ -- Yimutian Inc. ("Yimutian" or the "Company") (Nasdaq: YMT), a leading agricultural B2B platform in mainland China, today announced the pricing of its initial public offering (the "Offering") of 5,010,000 American depositary shares ("ADSs"), each representing 25 Class A ordinary shares, at a price of $4.10 per ADS for a total offering size of approximately $20.541 million, assuming the underwriter does not exercise its option to purchase additional ADSs. The Company is offering 4,522,000 ADSs, and the selling shareholders are offering 488,000 ADSs.

Yimutian's revenue is declining and gross profit is falling, despite operating in a fast-growing smart agriculture market in China. The company seeks an excessive EV/Revenue multiple valuation of 25.6x, while continuing to post falling revenue, continuing operating losses and negative cash flow. Shareholder risks are high due to low float, concentrated business in China, and limited post-IPO transparency as a foreign private issuer.