Lixiang Education Holding Co. Ltd.

Lixiang Education Holding Co. Ltd. (LXEH) priced its initial public offering on Oct 1, 2020 at $9.25 per share, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $616.7M. Loop Capital was lead-left underwriter. Hogan Lovells and Maples and Calder advised the company and Wilson Sonsini advised the underwriters.

Lixiang Education Holding Co. Ltd. is a private primary and secondary education provider in Lishui City, Zhejiang Province, China. Its services mainly cover primary and middle school education, and it launched its Liandu Foreign Language School in 2003.

Status

IPO

Ticker

LXEH

Exchange

Nasdaq Global Market

Priced

Oct 1, 2020

IPO price

$9.25

Market cap at IPO price

$616.7M

First filed

Sep 9, 2020

Underwriters

Loop Capital

Company counsel

Hogan Lovells and Maples and Calder

Underwriters' counsel

Wilson Sonsini

Sector

Business services

Country / state

China

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