Xinhua Education looks to extend sector's IPO success

Auhui-based university and secondary school operator poised to continue strong run of Chinese education IPOs as it kicks off its own deal to raise $188 million.

Xinhua Education looks to extend sector's IPO success

China Xinhua Education is set to become the seventh mainland private school operator to list in Hong Kong, as the Hefei-headquartered company started bookbuilding for an initial public offering to raise as much as HK$1.5 billion $188 million on Monday.

While reviving a streak of Chinese education IPOs from early last year, Xinhua Education will also enjoy first mover advantage over a number of school operators that are expected to list...

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