Puxin Limited (NEW) IPO Opens Flat, Trades Higher

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Puxin Announces Pricing of Initial Public Offering

June 15, 2018 4:42 AM EDT

BEIJING, June 15, 2018 /PRNewswire/ -- Puxin Limited (NYSE: NEW) ("Puxin" or the "Company"), a successful consolidator of the after-school education industry in China, today announced that it has priced its initial public offering of 7,200,000 American Depositary Shares ("ADSs"), each representing two ordinary shares, at US$17.00 per ADS for a total offering size of US$122.4 million, assuming the underwriters do not exercise their option to purchase additional ADSs. The ADSs have been approved for listing on the New York Stock Exchange and are expected to begin trading today under the ticker symbol... More