Credit: Shutterstock photoChina Online Education Group (51Talk), a China-based online English language education platform, raised $45.6 million by offering 2.4 million ADSs at $19, within the range of $18 to $20. China Online Education plans to list on the NYSE under the symbol COE. Morgan Stanley and Credit Suisse acted as lead managers on the deal.
The article The language of business: China Online Education (51Talk) prices US IPO at $19 midpoint originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
