男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

After-school education provider Puxin debuts on NYSE

By Cheng Yu | chinadaily.com.cn | Updated: 2018-06-16 14:20
Share
Share - WeChat
Chinese after-school education service provider Puxin made its debut on the New York Stock Exchange on June 15. [Photo provided to chinadaily.com.cn]

Chinese after-school education service provider Puxin made its debut on the New York Stock Exchange (NYSE) on Friday, making it the third largest Chinese after-school tutoring platform to be listed on the NYSE. 

The company's stock closed at $21 per share on the first day, debuting higher than its offering price, a rosy start after shares of an array of Chinese companies have dropped these days, influenced by short-seller Muddy Waters' allegations on TAL Education Group.

Trading under the ticker symbol NEW, the company priced its IPO at $17 per share to raise $122.4 million.

"In the past few years, we have encountered both challenges and difficulties. By listing on the NYSE, we hope to continue making some right choices to achieve a better future," said Sha Yunlong, founder and CEO of Puxin.

The company said that 70 percent of the proceeds from the IPO will be used for financing potential strategic acquisitions and establishing new schools in China.

Up to 15 percent would be applied to technologies and online businesses while the rest will go to marketing and other purposes. 

According to the latest data, the company generated a revenue of 1.28 billion yuan ($204.5 million) last year, which was an increase of 192 percent year-on-year.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 平山县| 潞城市| 屯昌县| 余干县| 长汀县| 根河市| 神农架林区| 榕江县| 赤壁市| 皮山县| 常山县| 灵川县| 崇州市| 武义县| 镇远县| 佛山市| 靖西县| 永康市| 桃园市| 靖西县| 金秀| 沙湾县| 苍溪县| 辽阳县| 昌邑市| 牟定县| 和静县| 秀山| 阳曲县| 宿迁市| 盘锦市| 长宁区| 富锦市| 兴城市| 定州市| 无锡市| 丹凤县| 崇左市| 尼勒克县| 太和县| 湘潭县|