China Beststudy Education Group’s $433 Million Initial Public Offering


Norton Rose Fulbright has advised CMB International Capital Limited (CMBI) as sole sponsor and the consortium of underwriters on the initial public offering of China Beststudy Education Group (Beststudy).

Beststudy is the largest K-12 after-school education service provider in southern China and the fifth largest nationwide as measured by total student enrolments and revenue in 2017.

This IPO marks the first time that company with K-12 after-school tutoring business in China has been listed on the Hong Kong Stock Exchange.

The Norton Rose Fulbright team was led by corporate, M&A and securities partner Terence Lau (Picture) in Hong Kong.

Involved fees earner: Terence Lau – Norton Rose Fulbright;

Law Firms: Norton Rose Fulbright;

Clients: CMB International Capital Limited;