Skillful Craftsman Education Technology Ltd

Skillful Craftsman Education Technology Ltd (EDTK) priced its initial public offering on Jul 22, 2020 at $5.00 per share, within its $4.50–$5.50 range, raising $15M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $62.2M. Benchmark was lead-left underwriter, joined by Axiom Capital. Ellenoff Grossman & Schole, Maples and Calder and V & T Law Firm advised the company and Schiff Hardin advised the underwriters.

Skillful Craftsman Education Technology Ltd provides online education and technology services in China, focusing on vocational education since 2013 with about 407 training courses in areas such as mechanics, electrical, auto repair and construction. Technology services, including software development and cloud services, make up a small share of revenue.

Status

IPO

Ticker

EDTK

Exchange

Nasdaq Capital Market

Priced

Jul 22, 2020

IPO price

$5.00

Price range

$4.50–$5.50

Raised

$15M

Market cap at IPO price

$62.2M

First filed

Apr 24, 2020

Underwriters

Benchmark and Axiom Capital

Company counsel

Ellenoff Grossman & Schole, Maples and Calder and V & T Law Firm

Underwriters' counsel

Schiff Hardin

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.