GSX Techedu nets $208m from NYSE listing

NYSE PA 230x`150
By Jonathan Breen
06 Jun 2019

Chinese online tutoring company GSX Techedu has raised $207.9m after pricing its US listing at the mid-point of guidance, according to a source familiar with the matter.

The company launched its IPO roadshow on May 27, and was boosted by strong early interest. The offering comprised 19.8m American Depository Shares (ADS) and an additional 2.97m ADS greenshoe.

Left lead bank Credit Suisse and joint bookrunners Barclays, CLSA and Deutsche Bank marketed the stock with a ...

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