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