Lixiang Education Holding Co. Ltd, a private education service provider in China, has filed Form F-1 Registration Statement on September 9, 2020 with U.S Securities and Exchange Commission to raise up to $30 million IPO. Pricing terms are yet to announce.
The company ranked second among the top private primary and secondary education institutes and second among the top private primary and middle school education institutes in Lishui City both in terms of the students enrolled on a monthly average basis for the 2019/2020 school year.
The Zhejiang, China-based company was founded in 2001 and booked $23 million in revenue for the 12 months ended June 30, 2020. It plans to list on the NYSE or the Nasdaq under the symbol “LXEH.” AMTD Global Markets and Loop Capital Markets the underwriter of the IPO.
The company engages Hogan Lovells as US Securities Counsel, and PricewaterhouseCoopers Zhong Tian LLP as Independent Auditor.
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