Rhea-AI Summary
Zhangmen Education Inc. (NYSE: ZME) announced the pricing of its initial public offering (IPO) of 3,623,000 American Depositary Shares (ADSs) at US$11.50 each, totaling approximately US$41.7 million. The ADSs are expected to begin trading on the New York Stock Exchange today under the ticker symbol ZME, with the offering expected to close on June 10, 2021. The underwriters have an option to purchase an additional 543,450 ADSs. Leading firms, including Morgan Stanley & Co. LLC and Credit Suisse, are managing the offering.
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