On December 4th, 17 Education & Technology Group Inc. (NASDAQ: YQ) priced its initial public offering of 27,400,000 American Depositary Shares (“ADSs”) at US$10.50 each.
The ADSs have begun trading on the Nasdaq Global Select Market on the same day under the ticker symbol “YQ.” The offering is expected to close on December 8, 2020, subject to customary closing conditions.
After the opening on December 4th, the share price of 17EdTech once rose from $10.5 to $11.83, an increase of over 12%.