On January 9, 2023, Fenbi Ltd. (Fenbi) successfully listed on the Main Board of the Stock Exchange of Hong Kong, raising approximately HK$198.0 million (US$25.5 million) from its IPO, or approximately HK$227.7 million (US$29.3 million) if the underwriters fully exercise their over-allotment option, with a market capitalization of over HK$20.0 billion. Wilson Sonsini Goodrich & Rosati acted as issuer’s U.S. and Hong Kong counsel in the IPO and Hong Kong listing.
Fenbi is a leading non-formal vocational education and training (VET) service provider in China. Fenbi primarily provides a comprehensive suite of recruitment and qualification examination tutoring courses for adult students pursuing careers in government-sponsored institutions and several professions and industries.
The Wilson Sonsini team representing Fenbi in this transaction includes:
Corporate
Dan Ouyang
Winfield Lau
Can Yin
Ke Li
Zhenzhen Bao
Xinyi Wang
Claire Chen
Ziyue Zhu
Kelly Cheng
Kelvin Lam
Layla Du