Education technology company Skillful Craftsman Education Technology has announced the closing of its initial public offering of three million ordinary shares at $5 per share.

Wuxi-based Skillful Craftsman provides interactive online vocational training and virtual simulation experiment training courses. The company was founded in 2013 and states that it is a key supporter for China economic development and education reform for labour employment. The company currently has 59.5 million accumulated registered members and 3.1 million accumulated fee-paying members.

Skillful Craftsman’s ordinary shares began trading on the Nasdaq Capital Market on 23 July under the ticker symbol ‘EDTK’.

The Benchmark Company acted as lead book running manager and Axiom Capital Management acted as co-book running manager for the offering.
 

Date published: 28 July 2020

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