IPOs
By The Online Investor Staff, updated Wed., Jun. 29, 9:12 AM
| This Slide: #3 of 15 |
Slide #3. Golden Sun Education Group Limited — Initial Public Offering
Company:
Golden Sun Education Group Limited
Proposed Symbol:
GSUN
Shares Offered:
4,400,000
Price Per Share:
$4.00
Over-Allotment:
660,000
Description:
Golden Sun Education Group Limited (the "Company" or "Golden Sun"), a provider of tutorial services in China, today announced the pricing of its initial public offering (the "Offering") of 4,400,000 Class A ordinary shares at a public offering price of US$4.00 per Class A ordinary shares. The Class A ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on June 22, 2022 under the ticker symbol "GSUN." The Company expects to receive aggregate gross proceeds of US$17,600,000 from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriter an option to purchase up to an additional 660,000 Class A ordinary shares at the public offering price, less underwriting discounts and commissions, within 45 days of the closing. The Offering is expected to close on or about June 24, 2022, subject to the satisfaction of customary closing conditions.
