Jinxin Technology (NAMI) IPO Details and Company Overview

Jinxin Technology (NAMI) is set to make waves in the market with its upcoming IPO, aiming to raise $9 million in the week of July 15th. The company plans to issue 1,900,000 shares at a price range of $4.00-$5.00 per share.

With a strong financial track record, Jinxin Technology generated $53.5 million in revenue and $11.8 million in net income over the last 12 months. The company, with a market cap of $291 million, has positioned itself as an innovative digital content service provider in China.

Specializing in digital content generation powered by advanced AI/AR/VR/digital human technologies, Jinxin Technology targets K-9 students in China, offering high-quality digital content services through its platform and partner distribution channels. The company collaborates with leading textbook publishers in China to provide digital versions of mainstream textbooks used in primary and middle schools.

Since its inception in 2014, Jinxin Technology has built expertise in creating interactive and intelligent digital textbooks to enhance the learning experience for K-9 students. With a focus on replacing outdated learning materials with innovative digital products, the company aims to cultivate a fresh and innovative learning style among students.

Jinxin Technology’s flagship learning app, Namibox, has garnered over 79 million cumulative downloads and more than 39 million registered users as of December 31, 2023. The company’s commitment to leveraging advanced technologies such as AI and big data analysis has enabled it to provide a superior user experience and improve learning effectiveness for children.

Despite challenges in the online education industry, Jinxin Technology has demonstrated steady growth and healthy financial performance. The company recorded net income of RMB55.1 million in 2022 and RMB83.5 million (US$11.8 million) in 2023, showcasing its resilience and adaptability in the market.

With EF Hutton acting as the underwriter for the IPO, Jinxin Technology is poised to make a significant impact in the digital content service sector. Investors and analysts are eagerly anticipating the company’s IPO, recognizing its potential for growth and innovation in the education technology space.