China's agricultural B2B e-commerce platform, Yimutian, prices its IPO at $4.1-5 per ADS, aiming to raise $23 million.

Leading Chinese agricultural industry internet company "Yimutian" announced its terms for its initial public offering on Tuesday. The company, based in Beijing, plans to issue 5 million American depositary shares, representing 10% of its total share capital, at a price range of $4.10 to $5.00 per share, with expected proceeds of $23 million. Based on the midpoint of the price range, Yimutian's fully diluted market value will reach $626 million.