On May 19, EST, Chinese online education company Zhangmen Education Inc. filed for an IPO, planning to list on the New York Stock Exchange under the ticker symbol ZME.

The disclosure shows that the company first filed a confidential document with the SEC on March 22 of this year.

Founded in 2014 and headquartered in Shanghai, Zhangmen is an online platform that provides one-on-one and small-group after-school tutoring services covering all core K12 subjects.

According to Frost & Sullivan, the company is the third-largest provider of online K12 small-class after-school tutoring services in China, as measured by gross revenue in 2020.

Before the IPO, Zhang Yi, founder of the company, held 14.1% of the shares; co-founder Yu Teng owned 6.1%.

As for institutional investors, Genesis Capital I LP held 15.8%, Demantoid Gem Holdings Limited is 10.5%, and Wenwei Entities takes 7.6%.