GSX Techedu shareholders eye $250m from ADS follow-on

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By Jonathan Breen
19 Nov 2019

A group of shareholders in GSX Techedu has launched a follow-on offering of the Chinese education technology firm’s US-listed stock.

A nine-strong group of vendors are offering a combined 15m secondary American Depositary Shares (ADS) with a view to raise around $250m, according to sources familiar with the matter. The block represents 10m of GSX’s class A ordinary shares listed on the New York Stock Exchange. There is ...

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