Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of an initial public offering (the “Offering”) for its client Jianzhi Education Technology Group Company Limited (“Jianzhi” or the “Company”) (NASDAQ: JZ), a leading provider of digital educational content in China. The Company received aggregate gross proceeds of US$25 million of 5,000,000 ADSs of its American Depository Share (“ADS”) at a public offering price of US$5.00 per ADS from this Offering, before deducting underwriting discounts and offering expenses. Each ADS represents two ordinary shares of the Company. In addition, the Company has granted the underwriters the right to purchase up to an aggregate of 750,000 additional ADSs at the public offering price, less underwriting discounts, within 30 days from the date of the final prospectus to cover over-allotments, if any. The Offering closed on August 30, 2022 and the Company’s ADSs began trading on August 26, 2022 on the Nasdaq Global Select Market under the ticker symbol “JZ”.
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