Chicago, IL and Melbourne, Aus., Keypath Education International, Inc. (Keypath), a leading global education technology provider, commenced trading on the Australian Securities Exchange (ASX) today under the ASX ticker KED. The listing follows the successful completion of its initial public offering (IPO), which raised A$212.1 million of new capital through the issuance of 57.2 million Chess Depositary Interests (CDIs).
The IPO was completed via an offering of CDIs over shares of common stock in Keypath (with each CDI representing one share of common stock in Keypath), at an IPO price of A$3.71 per CDI.
Read the full press release here.