Four Seasons Education (FEDU) Prices 10.1M Share IPO at $10/Sh

Four Seasons Education (Cayman) Inc. (NYSE: FEDU) today announced the pricing of its initial public offering of 10,100,000 American depositary shares at a price to the public of US$10.00 per ADS for a total offering size of US$101 million, assuming the underwriters do not exercise their option to purchase additional ADSs. Each two ADSs represents one ordinary share. The ADSs are expected to begin trading on the New York Stock Exchange today under the symbol "FEDU."

Of the total 10,100,000 ADSs offered, 9,200,000 ADSs are being offered by the Company and 900,000 ADSs are being offered by selling shareholders. In addition, the Company and selling shareholders have granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 1,515,000 additional ADSs to cover over-allotments.

Morgan Stanley & Co. International plc, Citigroup Global Markets Inc., and China Renaissance Securities (Hong Kong) Limited are acting as joint bookrunners for the offering.

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