Baker McKenzie has acted as legal counsel to the underwriter in the initial public offering and listing of American depositary shares (the “ADSs”) representing Class A ordinary shares of Yimutian Inc. (“Yimutian”) on the Nasdaq Global Market.
Trading of Yimutian’s ADSs commenced on 19 August 2025 under the ticker symbol “YMT”. The offering closed on 20 August 2025.
Yimutian is a leading agricultural B2B platform based in mainland China. According to the company’s announcement, net proceeds from the offering will be used for the enhancement and expansion of its digital agricultural commerce services of its apps, the development of technological infrastructure and product operations in relation to its new business initiatives, the expansion of its agricultural sourcing and trading services and working capital and general corporate purposes.
The deal team was led by Dan Ouyang, co-chair of Baker McKenzie’s Asia Pacific and China Capital Markets Practices, alongside Ke (Ronnie) Li and Zhenzhen Bao from FenXun’s International Capital Markets Practice*. The core deal team members also included Claire Chen and Robin Weng.
This transaction adds to the Firm’s growing list of US capital markets deals, including, most recently, Chagee Holdings’ US IPO, Youlife’s de-SPAC merger and Nasdaq listing, and Scage International’s business combination with Finnovate and Nasdaq listing.
*Baker McKenzie established a Joint Operation Office with FenXun in China as Baker McKenzie FenXun that was approved by the Shanghai Justice Bureau in 2015.
22 August 2025