pdf

O’Melveny Represents Global Education & Technology Group Limited in US$77.0 Million IPO on NASDAQ

November 08, 2010

FOR IMMEDIATE RELEASE

CONTACT:

Sonja Steptoe                                                  Lena Li
O’Melveny & Myers LLP                                    O’Melveny & Myers LLP
(213) 430-6384                                                86(10) 6563 4282
ssteptoe@omm.com                                         leli@omm.com

BEIJING - November 8, 2010 - O’Melveny & Myers LLP represented Global Education & Technology Group Limited (NASDAQ: GEDU) in its US$77.0 million initial public offering of American depositary shares (ADSs) and listing on NASDAQ. Global Education sold 7,331,250 ADSs (including 956,250 ADSs sold pursuant to the full exercise of the underwriters’ over-allotment option) at US$10.50 per ADS, the high end of the range. Credit Suisse and BofA Merrill Lynch acted as joint bookrunners of the offering.

 

Global Education is the largest test preparation provider for IELTS and a leading provider of educational courses and related services in China.  Under its “Global” brand, the Company also offers diversified services that span a student’s educational life cycle, including after-school courses, overseas study consulting, and professional certification test preparation. The company intends to use the proceeds from the offering to expand its operations in China and for working capital and general corporate purposes.

 

The O'Melveny team was led by partner David Roberts and counsel Tom Hall, both based in Beijing. 

 

About O’Melveny & Myers LLP

With approximately 900 lawyers in 14 offices worldwide, O’Melveny & Myers LLP helps industry leaders across a broad array of sectors manage the complex challenges of succeeding in the global economy.  We are a values-driven law firm, guided by the principles of excellence, leadership, and citizenship.  Our commitment to these values is reflected in our dedication to improving access to justice through pro bono work and championing initiatives that increase the diversity of the legal profession.  For more information, please visit www.omm.com or www.omm.cn.