21st Century Education Completes IPO and Listing on the Hong Kong Stock Exchange

On May 29, 2018, China 21st Century Education Group Limited (21st Century Education) successfully listed on the Main Board of the Stock Exchange of Hong Kong, raising approximately HK$381.3 million (after deduction of listing expenses and assuming the over-allotment option is not exercised) from a global offering of 360,000,000 shares. Wilson Sonsini Goodrich & Rosati advised the sole sponsor and global coordinator, China Securities (International) Corporate Finance Company Limited, as well as the other joint bookrunners, joint lead managers, and underwriters in the global offering and listing.

21st Century Education is a large established private education service provider based in Hebei Province, China, serving a wide range of students, from preschool students through primary school, middle school, and high school students in its tutorial centers to junior college and continuing education students in its college.

The WSGR team that advised China Securities International and the joint bookrunners, joint lead managers, and underwriters was led by partners Dan Ouyang and KJ Tan and included counsel Can Yin and Winfield Lau, special associate Qin Zou, and legal consultant Erwin Qin.