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Zhangmen Schooling Inc. Pronounces Pricing of Preliminary Public Providing

SHANGHAI, June 8, 2021 /PRNewswire/ — Zhangmen Schooling Inc. (“Zhangmen” or the “Firm”) (NYSE: ZME), a number one on-line training firm in China centered on offering customized on-line programs to Ok-12 college students, as we speak introduced the pricing of its preliminary public providing (the “IPO”) of three,623,000 American Depositary Shares (“ADSs”), at US$11.50 per ADS, for a complete providing dimension of US$41.7 million, assuming the underwriters don’t train their choice to buy extra ADSs. Every ADS represents 9 Class A extraordinary shares of the Firm. The ADSs have been authorised for itemizing and are anticipated to start buying and selling on the New York Inventory Change as we speak below the ticker image “ZME.” The providing is anticipated to shut on June 10, 2021, topic to customary closing situations.

The Firm has granted the underwriters an choice, exercisable inside 30 days from the date of the ultimate prospectus, to buy as much as an mixture of 543,450 extra ADSs on the IPO worth.

Morgan Stanley & Co. LLC and Credit score Suisse Securities (USA) LLC are appearing as lively joint bookrunners and representatives of the underwriters for the providing. Citigroup World Markets Inc., China Worldwide Capital Company Hong Kong Securities Restricted and Macquarie Capital (USA) Inc. are appearing as joint bookrunners for this providing. Futu Inc., Tiger Brokers (NZ) Restricted and SNB Finance Holdings Restricted are appearing as co-managers for this providing.

A registration assertion associated to the ADSs being offered on this providing has been filed with, and declared efficient by, america Securities and Change Fee. This press launch shall not represent a proposal to promote or a solicitation of a proposal to purchase the securities described therein, nor shall there be any sale of those securities in any state or jurisdiction by which such provide, solicitation or sale can be illegal previous to registration or qualification below the securities legal guidelines of any such state or jurisdiction.

This providing is being made solely via a prospectus forming a part of the efficient registration assertion. A duplicate of the ultimate prospectus referring to this providing could also be obtained, when out there, by contacting the next underwriters: (i) Morgan Stanley & Co. LLC, 180 Varick Road, 2nd Ground, New York, NY 10014, United States, or by phone at +1-917-606-8487, or by electronic mail at [email protected]; (ii) Credit score Suisse Securities (USA) LLC, Eleven Madison Avenue, New York, NY 10010, United States, or by phone at +1-800-221-1037, or by electronic mail at [email protected]; (iii) Citigroup World Markets Inc., c/o Broadridge Monetary Options, 1155 Lengthy Island Avenue, Edgewood, New York 11717, or by phone at +1-800-831-9146, or by electronic mail at [email protected]; (iv) China Worldwide Capital Company Hong Kong Securities Restricted, twenty ninth Ground, One Worldwide Finance Centre, 1 Harbour View Road, Central, Hong Kong, or by phone at +852-2872-2000, or by electronic mail at [email protected]; (v) Macquarie Capital (USA) Inc., 125 West fifty fifth Road, New York, NY 10019, United States, or by phone at +1-212-231-1000, or by electronic mail at [email protected].

About Zhangmen Schooling Inc.

Zhangmen Schooling Inc. (NYSE: ZME) is a number one on-line training firm in China centered on offering customized on-line programs to Ok-12 college students. The Firm’s core course choices embody one-on-one and small-class after-school tutoring providers protecting all core Ok-12 tutorial topics, with a longtime portfolio of well-recognized on-line training manufacturers together with Zhangmen one-on-one, Zhangmen Small Class, Zhangmen Youngsters and Xiaoli. Leveraging its high-quality instructing skills with localized insights, data-driven localized instructional content material and highly effective expertise infrastructure, the Firm supplies a customized and results-driven studying expertise to college students throughout totally different areas. Through the years, the Firm has efficiently garnered broad recognition within the business and established “Zhangmen” as a trusted on-line training model. For extra data, please go to ir.zhangmenedu.com.

Secure Harbor Assertion

This press launch accommodates statements that will represent “forward-looking” statements that are made pursuant to the “protected harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. These forward-looking statements might be recognized by terminology akin to “will,” “expects,” “anticipates,” “goals,” “future,” “intends,” “plans,” “believes,” “estimates,” “prone to,” and comparable statements. Statements that aren’t historic details, together with statements in regards to the Firm’s beliefs, plans, and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Additional data concerning these and different dangers is included within the Firm’s filings with the SEC. All data supplied on this press launch is as of the date of this press launch, and the Firm doesn’t undertake any obligation to replace any forward-looking assertion, besides as required below relevant regulation.

For investor and media inquiries, please contact:

In China:

Zhangmen Schooling Inc.
Investor Relations
E-mail: [email protected]

The Piacente Group, Inc.
Emilie Wu
Tel: +86-21-6039-8363
E-mail: [email protected]

In america:

The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: [email protected]

SOURCE Zhangmen Schooling Inc.

Associated Hyperlinks

https://www.zhangmen.com/

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