Aegis Capital Corp. Acted as Sole Bookrunner on a $40 Million Underwritten Public Offering of Ordinary Shares for Meten EdtechX Education Group Ltd. (NASDAQ:METX)
Meten EdtechX Education Group Ltd. has completed a $40 million underwritten public offering of ordinary shares, facilitated by Aegis Capital Corp. as the sole bookrunner. The company, a leading provider of English language training in China, operates under three key brands: Meten, ABC, and Likeshuo, leveraging advanced technology to enhance learning experiences. This capital raise aims to bolster its growth initiatives and expand its digital educational services, catering to the increasing demand for English education among Chinese students and professionals.
- Successful completion of $40 million public offering.
- Funding aimed at growth and expansion of digital services.
- Strong market position as a leading ELT provider in China.
- Possibility of shareholder dilution due to the new share offering.
NEW YORK, NY / ACCESSWIRE / May 26, 2021 / Aegis Capital Corp. acted as Sole Bookrunner on a
About Meten EdtechX Education Group Ltd.
Meten EdtechX is one of the leading ELT service providers in China, delivering English language and skills training for Chinese students and professionals. Through a sophisticated digital platform and a nationwide network of learning centers, the Company provides its services under three industry-leading brands: Meten (adult and junior ELT services), ABC (primarily junior ELT services) and Likeshuo (online ELT). The Company offers superior teaching quality and student satisfaction, served by cutting edge technology deployed across its business, including AI-driven centralized teaching and management systems that record and analyze learning processes in real time.
About Aegis Capital Corp.
Aegis Capital Corporation ("Aegis") has been in the wealth management and investment banking business since 1984. Aegis is dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Aegis also provides research and sales and trading services to institutional investors. Aegis offers its investment representatives a conflict free service platform and is able to provide a full-range of products and services.
For more information about this offering or Investment Banking Services please email InvestmentBanking@aegiscap.com or call (212) 813-1010
This communication has been prepared by Aegis Capital Corporation for distribution to Aegis Capital Corporation's clientele. This communication is not intended for public dissemination and the recipient is prohibited from sharing this information. This communication has been prepared for institutional - accounts, as defined within FINRA Rule 4512(c), who (1) are capable of evaluating investment risks independently, both in general and with regard to all transactions and investment strategies involving a security or securities; and (2) will exercise independent judgment in evaluating the recommendations of any broker - dealer or its associated persons. This communication is not a product of Aegis Capital Corporation Research Department. Aegis Capital Corporation., Member FINRA, SIPC
SOURCE: Aegis Capital Corp.
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FAQ
What is the purpose of Meten EdtechX's $40 million public offering?
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Who acted as the bookrunner for Meten EdtechX's public offering?
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When was the public offering for Meten EdtechX announced?
