国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

China's Sunlands Online Education Group debuts on NYSE

Source: Xinhua| 2018-03-24 05:23:55|Editor: Mengjie
Video PlayerClose

NEW YORK, March 23 (Xinhua) -- Sunlands Online Education Group, a provider of online courses for degree-equivalent exams in China, rang the New York Stock Exchange (NYSE) opening bell on Friday in celebration of its Initial Public Offerings.

Sunlands, trading under the ticker symbol of "STG", priced its IPO of 13 million American Depositary Shares at 11.50 U.S. dollars, well at the low end of the planned 11.50 to 13.50 U.S. dollars per share range.

Goldman Sachs (Asia), J.P. Morgan and Credit Suisse are the joint bookrunners on the deal.

Shares of Sunlands dropped 3.48 percent to close at 11.10 U.S. dollars apiece on Friday. All three major indices declined on the day, with the Dow plummeting more than 400 points to close 1.77 percent lower at 23,533.20.

Tongbo Liu, CEO of Sunlands, told Xinhua on Friday that the company has been focusing on cultivating a personalized, interactive learning platform by featuring a virtual learning community.

He noted that about 40 percent of the money raised will be used in IT infrastructure, including hiring more engineers. The rest of the money will be used in content building, advertising and outside investments, he added.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001370612871
主站蜘蛛池模板: 舒兰市| 西乌珠穆沁旗| 寿阳县| 体育| 慈利县| 湖南省| 嘉祥县| 金山区| 深圳市| 武邑县| 西和县| 莱州市| 新竹县| 易门县| 家居| 二连浩特市| 甘泉县| 仙居县| 新和县| 凤城市| 东台市| 丹巴县| 鲁甸县| 兴海县| 阿克苏市| 延寿县| 康保县| 霍山县| 常山县| 怀来县| 云南省| 溆浦县| 宁阳县| 达孜县| 长岭县| 榆中县| 马鞍山市| 安远县| 萝北县| 岳池县| 华池县|