First Franklin Corp (FHS) Prices 7.5M ADS IPO at $10/IPO

Go back to First Franklin Corp (FHS) Prices 7.5M ADS IPO at $10/IPO

First High-School Education Group Announces Pricing of Initial Public Offering

March 11, 2021 4:16 AM EST

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... More