Deals 10/01/2020

Loop Capital Markets serves as co-manager on the $31 million initial public offering of Lixiang Education Holding Co., Ltd.

On October 1, 2020, Lixiang Education Holding Co., Ltd., a Chinese private primary and secondary education service provider, raised $31 million in an initial public offering by issuing 3.3 million ADSs at $9.25. Loop Capital Markets served as a co-manager on the initial public offering.

The company intends to use the net proceeds of the offering to invest in business expansion, including student recruitments and maintenance of facilities, strategic acquisitions, and general corporate purposes.