Jianzhi Education Technology Group Co (JZ)

[StockLogistics]

186 dollars a share in August

12:50p ET 8/26/2022 - Dow Jones
Jianzhi Education ADSs Rally on Nasdaq Debut
Mentioned: JZ

By Stephen Nakrosis

The American depositary shares of Jianzhi Education Technology Group Company Ltd. soared on their trading debut on Nasdaq Friday, rising dramatically before giving back some gains.

The company, which provides digital educational content in China, said it priced its initial public offering of 5 million ADSs at $5 each. Each ADS represents two shares of the company, Jianzhi Education said.

At 12:35 p.m. ET, the company's ADSs were trading at $40.59. Volume at the time was just under 358,000 ADSs.

“The ADSs, which trade under the symbol JZ, opened the day at $126 and climbed to as high as $186.01 earlier in the session.

Trading in the ADSs was paused several times Friday due to volatility.

Write to Stephen Nakrosis at [e-mail]

(END) Dow Jones Newswires

August 26, 2022 12:50 ET (16:50 GMT)
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