Firm Client Aegis Capital Corp. Completes Youxin Technology Initial Public Offering

Olshan acted as counsel to Aegis Capital Corp., as sole book-running manager, in Youxin Technology Ltd’s $10,350,000 initial public offering of Class A ordinary shares. Youxin is a holding company incorporated in the Cayman Islands, operating through its subsidiary in the People’s Republic of China, which provides a cloud-based software as a service (SaaS) product and a platform as a service (PaaS) committed to helping retail enterprises in Mainland China digitally transform their businesses. Youxin intends to use the net proceeds from this offering primarily for research and product development, and investment in its sales and marketing. Youxin’s shares now trade on The Nasdaq Capital Market under the symbol YAAS. The Olshan team was led by corporate partner Spencer Feldman and associate Dakota Forsyth, with assistance from corporate partner Kenneth Schlesinger.