GSX Techedu nets $208m from NYSE listing

Jonathan Breen

June 06, 2019 05:45 AM

NYSE PA 230x`150 — (181205) -- NEW YORK, Dec. 5, 2018 (Xinhua) -- Traders work at the New York Stock Exchange in New York, the United States, Dec. 4, 2018. U.S. stocks plunged on Tuesday, with all three major indices erasing more than 3 percent, amid worries over inverted yield curve signaling a possible economic slowdown. The Dow Jones Industrial Average decreased 799.36 points, or 3.10 percent, to 25,027.07. The S&P 500 decreased 90.31 points, or 3.24 percent, to 2,700.06. The Nasdaq Composite Index fell 283.09 points, or 3.80 percent, to 7,158.43. (Xinhua/Wang Ying) (zxj) | Wang Ying/Xinhua News Agency/PA Images

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.

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JB

Jonathan Breen

Equities editor GlobalCapital Asia