Walkers Advised Puxin Limited on Its Initial Public Offering and NYSE Listing

Walkers is pleased to announce that it advised Puxin Limited on its SEC-registered initial public offering of 8,280,000 American Depositary Shares, including the full exercise of the underwriters’ option to purchase 1,080,000 American Depositary Shares, for an aggregate price to the public of US$140.76 million. Each ADS represents two ordinary shares of Puxin. The ADSs are listed on the NYSE under the symbol “NEW.”

Puxin is a successful consolidator of the after-school education industry in China. Puxin has a strong acquisition and integration expertise to effectively improve education quality and operational performance of acquired schools. Puxin offers a full spectrum of K-12 and study-abroad tutoring programs designed to help students achieve academic excellence, as well as prepare for admission tests and applications for top schools, universities and graduate programs in China and other countries. 

The Walkers team was led by Yin Xu, a partner of the Hong Kong office, and assisted by counsel Jo Lit and associate Selina Chan.

HONG KONG
Jo LitPartnerT +852 2596 3383jo.lit@walkersglobal.com