Zhangmen Education’s Initial Public Offering

Maples advised Zhangmen Education on the offering.

Zhangmen Education Inc., a Cayman Islands exempted company, executed an initial public offering of American Depositary Shares representing its class A ordinary shares, and its listing on the New York Stock Exchange.

Zhangmen is a leading online education company in China which focuses on providing personalized online courses to K-12 students. The offering, which closed on 10 June 2021, raised approximately US$42 million. 

The underwriters were Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC.

The Maples team included partner Richard Spooner (Picture) and legal manager Sarena Gong. The Group’s Fund Services business acted as the Cayman Islands Share Registrar, and the team comprised Eastern Fong, Regional Head of the Group’s fund services business in Asia and vice president Christy Poon. 

Involved fees earner: Eastern Fong – Maples and Calder; Sarena Gong – Maples and Calder; Christy Poon – Maples and Calder; Richard Spooner – Maples and Calder;

Law Firms: Maples and Calder;

Clients: Zhangmen Education ;

Author: Sonia Carcano