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, according to two sources close to the deal.
One of the sources added that the bookrunners Credit Suisse and Goldman Sachs could have priced the deal at...
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