China New Higher Education IPO: lucky No. 6?

University operator hopes its Hong Kong listing will be propelled by strong secondary market momentum towards the burgeoning private education sector.

China New Higher Education IPO: lucky No. 6?

China New Higher Education CNHE has formally launched Hong Kong's sixth initial public offering from the mainland's private education sector, with hopes of raising proceeds of up to HK$1.059 billion $137 million after the greenshoe.

Six is considered a lucky number in Mandarin and the Yunnan and Guizhou-based group looks set to benefit from the groundwork laid by its five predecessors as growing investor awareness pushes valuations higher in the sector. 

...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition

EVENTS