Zhangmen Education Inc.

Zhangmen Education Inc. (ZME) priced its initial public offering on Jun 9, 2021 at $11.50 per share, and listed on NYSE. At the IPO price its market capitalization was about $14.08B. Morgan Stanley was lead-left underwriter, joined by Credit Suisse, Citigroup and CICC and others. Skadden, Arps, Maples and Calder and Tian Yuan advised the company and Davis Polk and Han Kun advised the underwriters.

Zhangmen Education Inc. is a China-based online education company providing personalized courses to K-12 students. Its core offerings are one-on-one and small-class after-school tutoring covering all core academic subjects.

Status

IPO

Ticker

ZME

Exchange

NYSE

Priced

Jun 9, 2021

IPO price

$11.50

Market cap at IPO price

$14.08B

First filed

May 19, 2021

Underwriters

Morgan Stanley, Credit Suisse, Citigroup, CICC, Macquarie and US Tiger

Company counsel

Skadden, Arps, Maples and Calder and Tian Yuan

Underwriters' counsel

Davis Polk and Han Kun

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.