PRESS RELEASE
July 27, 2020

EGS Closes First Chinese IPO In Accordance
With New NASDAQ Proposed Rules  
Skillful Craftsman Education Technology Ltd. (NASDAQ:  EDTK ), an education technology company providing interactive online learning services, on Monday, July 27, 2020, closed its  initial public offering  of 3,000,000 ordinary shares at US$5.00 per share. The ordinary shares began trading on the Nasdaq Capital Market on July 23, 2020 under the ticker symbol “EDTK.” 

The Company has granted the underwriters a 45-day option to purchase up to an aggregate of 450,000 additional shares at the public offering price, less the underwriting discounts and commissions, to cover over-allotments, if any.

EGS acted as counsel to Skillful Craftsman Education Technology Ltd. The  Benchmark Company  acted as Lead Book Running Manager and Axiom Capital Management, Inc. acted as Co-Book Running Manager for this offering.


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If you have any questions or would like additional information, please contact Richard Anslow at ranslow @ egsllp.com or the primary EGS attorney with whom you work.

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This memorandum is published solely for the informational interest of friends and clients of Ellenoff Grossman & Schole LLP and should in no way be relied upon or construed as legal advice.