Ticker LaunchIPO · GSX
Gaotu Techedu Inc.
Formerly GSX Techedu Inc.
Gaotu Techedu Inc. (GSX) priced its initial public offering on Jun 6, 2019 at $10.50 per ADS, raising $207.9M, and listed on NYSE. At the IPO price its market capitalization was about $875.1M. Credit Suisse was lead-left underwriter, joined by Deutsche Bank, Barclays and CLSA. Tian Yuan advised the company and Han Kun advised the underwriters.
At its 2019 IPO, GSX Techedu (now Gaotu Techedu) was a technology-driven education company in China whose core business was online K-12 large-class after-school tutoring, with courses covering all primary and secondary grades.
- Status
- IPO
- Ticker
- GSX
- Exchange
- NYSE
- Priced
- Jun 6, 2019
- IPO price
- $10.50 per ADS
- Raised
- $207.9M
- Market cap at IPO price
- $875.1M
- First filed
- May 8, 2019
- Underwriters
- Credit Suisse, Deutsche Bank, Barclays and CLSA
- Company counsel
- Tian Yuan
- Underwriters' counsel
- Han Kun
- Sector
- Business services
Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.
More on this listing for subscribers
- Lock-up period and expiry date
- Shares offered, over-allotment and shares outstanding after the offering
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Filings
- Registration statement (F-1) first filed May 8, 2019
- Latest amendment May 24, 2019
- Final prospectus (424B4) Jun 6, 2019
- All filings on EDGAR CIK 1768259
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