Boustead Securities, LLC (“Boustead”) client First High-School Education Group Co., Ltd. (“First High-School”) (proposed NYSE listing symbol: "FHS"), is an operator of private high schools in Western China.
Boustead is acting as joint underwriter for the offering alongside The Benchmark Company, Tiger Brokers, Valuable Capital, Fosun Hani Securities, TF International, AMTD Global Markets, and Maxim Group LLC.
In its proposed IPO, the Company is offering 7,500,000 American depositary shares, or ADSs, representing representing 22,500,000 Class A Ordinary Shares. The IPO price per ADS is anticipated to be between US$9.50 and US$10.50. The minimum offering amount is 7,500,000* ADSs at $9.50 per ADS and the maximum offering amount is 8,625,000* ADSs at $10.50 per ADS if underwriters exercise their over-allotment. The minimum offering amount is $71,250,000 and the maximum offering amount is $90,652,500.
The Company has applied to list on The New York Stock Exchange under ticker symbol "FHS".
The offering of these securities will be made only by means of a prospectus, which is a part of the registration statement filed with the SEC. Copies of the prospectus may be obtained from: Boustead Securities, LLC.
About First High-School Education Group Co., Ltd.
First High-School is the largest operator of private high schools in Western China and the third largest operator in all of China in terms of student enrollment as of December 31, 2019, according to the CIC report.
About Boustead Securities, LLC
Boustead Securities, LLC (“Boustead”) is an investment banking firm that executes and advises on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions, for a broad client base. Boustead’s core value proposition is the ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States, Boustead’s team moves quickly and provides a broad spectrum of sophisticated financial advice and services. Boustead is a majority owned subsidiary of Boustead & Company Limited, a diversified non-bank financial institution. For more information, please visit www.boustead1828.com
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Cautionary Statement Concerning Forward-Looking Statements
This document contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this document and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this document and other statements made from time to time by us or our representatives might not occur.