Chinese trio target $550m in US listings

NYSE PA 230X150
By Jonathan Breen
03 Oct 2019

Three Chinese companies joined the queue to list in the US within the past week. Youdao, an online education platform founded by Chinese technology company NetEase, is planning the largest of the IPOs, seeking up to $300m.

Youdao submitted IPO documents to the US Securities and Exchange Commission on Monday. It is looking to float American Depository Shares (ADS) on the New York Stock Exchange.

The firm has lined up Citi and Morgan Stanley to lead the deal, while also bringing in CICC, Credit Suisse ...

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