皇冠体育app

Tarena International Inc, a provider of IT education in 皇冠体育app, said it expects to price its initial public offering of 15.3 million class A American Depositary Shares (ADS) at $8-$10 per share.

The -based company said it expects to raise $153 million from the IPO, based on the top end of the price range.

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Tarena International is selling 11.5 million shares in the offering, while the rest is offered by stockholders.

The company, which has trained more than 130,000 students, offers a platform for distance education, classroom-based tutoring and online learning modules, mainly in IT subjects.

Tarena International, which counts Goldman Sachs as one of its stockholders, posted a 63 percent jump in revenue to $92.8 million for the year ended December 31.

The market for professional education services in 皇冠体育app is projected to grow at about 7 percent to $14.7 billion between 2013 and 2017, the company said, citing data from market research firm IDC.

Tarena International intends to list its ADSs on the Nasdaq under the symbol "TEDU" and listed Goldman Sachs (Asia) LLC and Credit Suisse Securities as lead underwriters to its offering.

For Chinese companies, the US market affords them options not available in Hong Kong, such as dual-class structures and the ability to list without having turned a profit. It also offers far more than the Chinese mainland IPO market.

Chinese e-commerce giant Holding Ltd is inching closer to a listing in the United States. It will hold the kickoff meeting for the planned IPO next week, Rters reported earlier in the week, citing sources.

E-commerce company .com Inc and Twitter-like messaging service Weibo Corp have also filed for a US initial public offering.

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