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China's First High-School Education Group raises $75m in New York IPO

China’s First High-School Education Group raises $75m in New York IPO
First High-School Education Group, which operates private high schools and offers tutoring services in China, has gone public on the New York Stock Exchange (NYSE) on March 11, 2021. Source: First High-School Education Group
March 12, 2021
First High-School Education Group, which operates private high schools and offers tutoring services in China, raised $75 million in an initial public offering (IPO) on the New York Stock Exchange (NYSE) on Thursday.
The firm, which claims to be the biggest operator of private high schools in western China, has sold 7.5 million American Depositary Shares (ADS) at a price of $10 apiece in the IPO offering. At the midpoint of its proposed range of $9.5 to $10.5, First High-School Education Group commanded a market value of $289 million. ....

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First High-School Education Group Announces Pricing of Initial Public Offering

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NEW YORK, March 11, 2021 /PRNewswire/ First High-School Education Group Co., Ltd. ( First High-School Education Group or the Company ) (NYSE: FHS), the largest operator of private high schools in Western China and the third largest operator in China
[1], today announced the pricing of its initial public offering (the Offering ) of 7,500,000 American Depositary Shares ( ADSs ) at an offering price of US$10.00 per ADS for a total offering size of approximately US$75,000,000, assuming the underwriters do not exercise their option to purchase additional ADSs. Each ADS represents three Class A ordinary shares of the Company. The Company expects to offer 5,000,000 ADSs and Longwater Topco B.V. (the Selling Shareholder ) expects to offer 2,500,000 ADSs in aggregate in the Offering. The ADSs are expected to begin trading on the New York Stock Exchange on March 11, 2021, under the symbol FHS. The Offering is expected to close on Mar ....

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First High-School Education Group Announces Pricing of Initial Public Offering

First High-School Education Group Announces Pricing of Initial Public Offering
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First High-School Education Group Announces Pricing of Initial Public Offering

First High-School Education Group Announces Pricing of Initial Public Offering
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