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.

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.

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