US EUROPE AFRICA ASIA 中文
    Business / Gadgets

    Tarena International sets IPO price

    (Agencies) Updated: 2014-03-21 17:30

    Tarena International Inc, a provider of IT education in China, said it expects to price its initial public offering of 15.3 million class A American Depositary Shares (ADS) at $8-$10 per share.

    The Beijing-based company said it expects to raise $153 million from the IPO, based on the top end of the price range.

    Tarena International sets IPO price

    Tarena International sets IPO price

    Tarena International is selling 11.5 million shares in the offering, while the rest is offered by stockholders.

    The company, which has trained more than 130,000 students, offers a platform for distance education, classroom-based tutoring and online learning modules, mainly in IT subjects.

    Tarena International, which counts Goldman Sachs as one of its stockholders, posted a 63 percent jump in revenue to $92.8 million for the year ended December 31.

    The market for professional education services in China is projected to grow at about 7 percent to $14.7 billion between 2013 and 2017, the company said, citing data from market research firm IDC.

    Tarena International intends to list its ADSs on the Nasdaq under the symbol "TEDU" and listed Goldman Sachs (Asia) LLC and Credit Suisse Securities as lead underwriters to its offering.

    For Chinese companies, the US market affords them options not available in Hong Kong, such as dual-class structures and the ability to list without having turned a profit. It also offers far more liquidity than the Chinese mainland IPO market.

    Chinese e-commerce giant Alibaba Group Holding Ltd is inching closer to a listing in the United States. It will hold the kickoff meeting for the planned IPO next week, Reuters reported earlier in the week, citing sources.

    E-commerce company JD.com Inc and Twitter-like messaging service Weibo Corp have also filed for a US initial public offering.

    Hot Topics

    Editor's Picks
    ...
    ...
    一级电影在线播放无码| 亚洲色成人中文字幕网站| 中文字幕丰满乱孑伦无码专区 | 无套中出丰满人妻无码| 亚洲va中文字幕无码久久不卡| 国内精品人妻无码久久久影院| 日韩人妻无码一区二区三区久久99| 中文字幕在线观看有码| 人妻无码一区二区三区AV| 欧美日韩毛片熟妇有码无码| 亚洲中文字幕无码一区二区三区 | 久久人妻无码中文字幕| 免费无码VA一区二区三区 | 亚欧免费无码aⅴ在线观看| 日韩人妻无码精品无码中文字幕| 中文日韩亚洲欧美字幕| 99精品一区二区三区无码吞精| 亚洲国产无套无码av电影| 中文字幕av高清有码| 波多野结衣中文在线| 亚洲国产精彩中文乱码AV| 亚洲国产精品无码久久久久久曰 | 亚洲精品无码久久久久AV麻豆| 人妻少妇伦在线无码专区视频| 亚洲精品无码不卡在线播HE | 乱人伦中文无码视频在线观看| 中文字幕久久欲求不满| 日韩av无码中文字幕| 久久无码AV中文出轨人妻| 中文字幕无码AV波多野吉衣| 中文字幕无码播放免费| 超清无码无卡中文字幕| 日本精品久久久久中文字幕| 精品久久久久久中文字幕| 激情欧美一区二区三区中文字幕| а天堂8中文最新版在线官网| 人妻中文字幕乱人伦在线| 中文字幕第3页| 久久久无码精品亚洲日韩京东传媒 | 中文字幕日韩理论在线| 制服中文字幕一区二区|