17 Education & Technology Group Inc.

17 Education & Technology Group Inc. (YQ) priced its initial public offering on Dec 4, 2020 at $10.50 per share, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $4.32B. Morgan Stanley was lead-left underwriter, joined by Goldman Sachs, BofA Securities and US Tiger. Tian Yuan advised the company and CM Law Firm advised the underwriters.

17 Education & Technology Group Inc. is a Chinese education technology company with an in-school plus after-school model. Its classroom solutions provide data-driven teaching, learning and assessment products to teachers, students and parents across over 70,000 K-12 schools.

Status

IPO

Ticker

YQ

Exchange

Nasdaq Global Select

Priced

Dec 4, 2020

IPO price

$10.50

Market cap at IPO price

$4.32B

First filed

Nov 13, 2020

Underwriters

Morgan Stanley, Goldman Sachs, BofA Securities and US Tiger

Company counsel

Tian Yuan

Underwriters' counsel

CM Law Firm

Sector

Business services

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.