Greater China Junior Stocks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Greater China Junior Stocks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Julius Wong	8/26/2006 8:02:45 PM
	Read Replies (1) of 1992

New Oriental Education Files for IPO Wednesday August 23, 11:36 am ET Chinese Test Preparation Company New Oriental Education Files for IPO of Up to $97.5M WASHINGTON (AP) -- New Oriental Education & Technology Group Inc., the largest company that trains Chinese students for English tests, Tuesday filed papers for an initial public offering worth up to $97.5 million on the New York Stock Exchange. The Beijing-based company helps of Chinese students bound for overseas studies prepare for the Test of English as a Foreign Language, or TOEFL, and the Graduate Record Examination, or GRE. New Oriental filed with the Securities and Exchange Commission to sell 7.5 million American depositary shares. It expects the price be between $11 and $13 per ADS. The company said it plans to list under the symbol "EDU." The underwriters have an option to purchase up to an additional 1.13 million ADSs to cover overallotments, the filing said. The company said it expects to use the proceeds for working capital and general corporate purposes, as well as to repay debt. biz.yahoo.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next