Tight discount for New Oriental Education sell-down

Share price rallies 20% during the roadshow as investors choose to buy directly in the market as well.

The sale of $290.5 million worth of American Depositary Shares in New Oriental Education Technology Group on Thursday last week February 8 was priced at a tight 1.78% discount to the most recent close as investors continue to have faith in the stock.

The Mainland-based provider of educational services û including foreign language training programmes û has seen its share price rally 182% since it listed on the New York Stock Exchange in early September and this follow-on sale was...

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