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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 March 15, 2021,