China’s GSX Techedu kicks off $228m US listing

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By Jonathan Breen
27 May 2019

Online education platform GSX Techedu has launched the deal roadshow for its New York Stock Exchange IPO, in which it is targeting proceeds of up to $227.7m.

The Chinese company has lined up Credit Suisse as left lead bank for the deal, alongside bookrunners Barclays, CLSA and Deutsche Bank.

GSX is offering 19.8m American Depository Shares (ADS) at $9.50-$11.50 each. The float, which represents 13.2m of the firm’s class ‘A’ ordinary shares, could net anywhere ...

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