Tarena pricing success kicks off Chinese IPO rush

The provider of IT professional education services in China priced its $137.7 million Nasdaq IPO in the middle of its pricing range at $9 per American Depositary Share.

Tarena pricing success kicks off Chinese IPO rush
Source: S&P Capital IQ
Tarena International, a provider of IT professional education services in China, has priced its $137.7 million Nasdaq listing at $9 per American Depositary Share, setting a favourable precedent as US stock markets gear up for a wave of Chinese technology offerings.
 
The initial public offering of shares, priced in the middle of its $8-$10 pricing range, attracted considerable interest from investors and the book was covered an unspecified number of times,...

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