Credit: Shutterstock photoLAIX, which operates Liulishuo, an AI-powered English language learning platform in China, raised $72 million by offering 5.75 million ADSs at $12.50, the midpoint of the $11.50 to $13.50 range. LAIX plans to list on the NYSE under the symbol LAIX. Morgan Stanley and Goldman Sachs (Asia) acted as lead managers on the deal.
The article Sorry, I didn't quite get that: AI-powered English learning app provider LAIX prices $72 million IPO at $12.50 midpoint originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
