First High-School Education Group Co Ltd, a private high schools’ provider, raised $75 million by offering 7.5 million ADSs at $10, within the proposed range of $9.50 to $10.50.
The company seizes the enormous and sustainable demand for high-quality high schools in China. All of their schools are strategically located in Western China, which has seen a growing demand for high-quality educational resources.
The Kunming, China-based company was founded in 2012 and booked $62 million in revenue for the 12 months ended September 30, 2020. It plans to list on the NYSE under the symbol “FHS.” The Benchmark Company, AMTD Global Markets, Valuable Capital, TF International, and Maxim Group LLC are underwriters of the IPO.
The company engages Wilson Sonsini Goodrich & Rosati as US Securities Counsel, and KPMG Huazhen LLP as Independent Auditor.
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