Wisdom Education completes HK$796 million IPO

January 26, 2017

On January 26, 2017, the shares of Wisdom Education International Holdings Company Limited (“Wisdom Education”) began trading on the Hong Kong Stock Exchange, the company having completed a HK$796.3 million initial public offering.

Wisdom Education, a Chinese private school operator, intends to use net proceeds of the offering towards expansion of its school network through the development of new schools, expansion, maintenance, renovation and upgrade of existing schools, the acquisition of schools, the provision of scholarships and subsidies to students, and for working capital and general corporate purposes.

Miller Thomson was Canadian counsel to Wisdom Education with a team led by Andy Chan and included Robert Forbes, Nadya Tymochenko, Callum Campbell and Pierre Soulard