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Chinese micro-cap Skillful Craftsman prices US IPO at $5 midpoint

July 23, 2020
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Skillful Craftsman Education Technology, which provides online education and technology services in China, raised $15 million by offering 3 million shares at $5, the midpoint of the range of $4.50 to $5.50. At pricing, the company commands a market value of $62 million.

Skillful Craftsman Education Technology plans to list on the Nasdaq under the symbol EDTK. The Benchmark Company and Axiom Capital Management acted as lead managers on the deal.