China East Education executes record IPO

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By Jonathan Breen
06 Jun 2019

China East Education Holdings pulled off the largest education IPO in history this week, despite the mainland education sector suffering under state constraints. The company operates in a niche free of the heavy-handed regulator, which helped it draw a flood of interest to its HK$4.9bn ($625m) offering. Jonathan Breen reports.

The Chinese government began tightening regulation on the private education sector last year, announcing plans in November to restrict schools with kindergartens from raising funds in the public market. Various after-school institutions also came under scrutiny from the Ministry of Education. The sudden constraints put many investors and ...

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