WuXi AppTec, Koolearn start pre-marketing

Online Education_230px
By Christie Ou, Jonathan Breen
22 Nov 2018

Chinese online educator Koolearn Technology Holding has launched pre-marketing for its Hong Kong IPO at a time when the mainland government is stepping up regulation of the private education sector.

Pre-marketing started on Monday with meetings in Hong Kong and Singapore, alongside investor calls. There is no firm timing yet on when the process will be wrapped up and the listing launched, according to a banker close to the deal. Citi, CICC and Morgan Stanley are the sponsors.

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