Simpson Thacher Represents Underwriters in US$179.3 Million NYSE IPO of OneSmart Education
04.24.18
This is only gets display when printing
The Firm represented the underwriters led by Morgan Stanley in connection with the initial public offering and listing on the New York Stock Exchange of American Depositary Shares (ADSs) of OneSmart International Education Group Limited (“OneSmart Education”). The offering of 16,300,000 ADSs, representing 652,000,000 Class A ordinary shares, raised a total of US$179.3 million in gross proceeds from the IPO before exercise of the underwriters’ overallotment option.
OneSmart Education is the largest premium K-12 after-school education service provider in China in terms of revenue in 2016 and 2017. Its ADSs are traded on the New York Stock Exchange under the symbol “ONE.”
The Simpson Thacher team for the transaction included Chris Lin, Yi Gao and Cherrie Zhang (Capital Markets); and Jonathan Cantor and Christopher Murray (Tax).