news

Yunxuetang is listed on the US stock market. Are SaaS companies "bleeding" one after another when going public?

2024-08-20

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

Recently, Yunxuetang, the largest digital enterprise learning solution provider in China, rang the bell on the Nasdaq in the United States, becoming the "first stock of China's digital enterprise learning" with the code "YXT".On the first day of listing, Yunxuetang closed at US$10.02, down 8.91% from the issue price, with a total market value of US$5.95.

Image source: Weibo screenshot

1. The birth of “China’s first digital enterprise learning stock”

According to the official website, Yunxuetang is an AI digital enterprise training platform that mainly provides digital enterprise learning solution services including software SaaS services, content solution services, and digital enterprise learning operation services.Since its establishment in 2011, it has set up branches in more than 20 cities including Shanghai, Guangzhou, and Shenzhen. Many leading companies are its clients, such as Schneider Electric, Shanghai General Motors, Yunnan Baiyao, Easyhome, Miniso, and so on.

The establishment of this unicorn and its listing on Nasdaq are largely due to the contribution of its founder Lu Ruize (also known as Lu Xiaoyan). Tianyancha shows that Lu Ruize is the actual controller and controlling shareholder of Yunxuetang, holding 66.8485% of the shares. The remaining shareholders, such as Suzhou Xinzhiyun Enterprise Management Consulting Center (Limited Partnership), Suzhou Dazhiqihong Enterprise Management Consulting Center (Limited Partnership), and Shanghai Himalaya Technology Co., Ltd., all hold less than 10% of the shares.