Zhangmen Education Inc.
(Note: This is an IPO of 3,623,000 American Depositary Shares (ADS). Each ADS represents nine Class A ordinary shares. Zhangmen Education is incorporated in the Cayman Islands.)
We are a leading online education company in China, focused on providing personalized online courses to K-12 students, according to the Frost & Sullivan Report. Our core course offerings encompass one-on-one and small-class after-school tutoring services covering all core K-12 academic subjects. According to the Frost & Sullivan Report, we have been the largest online K-12 one-on-one after-school tutoring service provider in China in terms of gross billings since 2017, with 31.9% market share in 2020, exceeding that of the rest of the top 10 players combined in 2020. We continually enrich our service and product offerings to address students’ evolving and diversified educational needs.
We began to offer small-class K-12 after-school tutoring services in the third quarter of 2020 to drive and cater to diversified educational goals. To attract more students with higher lifetime value, we also provide early childhood education services covering a diverse array of subjects, including art, language skills, logical thinking and learning methodology.
Note: Revenue and net loss figures are in U.S. dollars for the year ended Dec. 31, 2020, according to the prospectus.
(Note: Zhangmen Education priced its IPO on June 7, 2021, at $11.50 – below the mid-point of its $11-to-$13 range – on 3,623,000 shares – the same number of shares in the prospectus – to raise $41.7 million.)
|Industry:||Services - Educational Services|
|Address||No.82 Tongjia Road, Hongkou District, Shanghai People’s Republic of China|
|Phone Number||+86 (21) 6142 1535|
|View Prospectus:||Zhangmen Education Inc.|
|Revenues||$613.33 mil (last 12 months)|
|Net Income||$-154.51 mil (last 12 months)|
|Price range||$11.50 - $11.50|
|Est. $ Volume||$41.7 mil|
|Manager / Joint Managers||Morgan Stanley/ Credit Suisse/ Citigroup/ CICC/ Macquarie Capital|
|CO-Managers||FUTU/ Tiger Brokers/ Snowball|
|Expected To Trade:||6/8/2021|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|