Zhangmen Education Inc.

General Information

(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
Employees: 11995
Founded: 2014
Contact Information
Address No.82 Tongjia Road, Hongkou District, Shanghai People’s Republic of China
Phone Number +86 (21) 6142 1535
Web Address https://www.zhangmen.com/
View Prospectus: Zhangmen Education Inc.
Financial Information
Market Cap $2353.22mil
Revenues $613.33 mil (last 12 months)
Net Income $-154.51 mil (last 12 months)
IPO Profile
Symbol ZME
Exchange NYSE
Shares (millions): 3.6
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
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
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