Rise Education IPO rides on sector frenzy

Bain Capital looks to profit from the rising momentum of education stocks to sell part of its stake in the Beijing-based private tutorial company through an IPO in the US.

Rise Education IPO rides on sector frenzy

Four years after investing in Rise Education, private equity firm Bain Capital is looking to partially exit the investment as it kicks off a $154 million US initial public offering of the Chinese private education provider on Monday.

Initial terms show Bain is seeking an implied valuation of about $770 million on a pre-greenshoe basis for the private tutorial firm, or nearly six times its $130 million investment made in July 2013.

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