Qiming-backed Chinese edtech QuantaSing raises $41m in US IPO

Qiming-backed Chinese edtech QuantaSing raises $41m in US IPO

Photographer: Victor J. Blue/Bloomberg

QuantaSing Group, a Chinese online learning service provider, raised about $41 million in its initial public offering (IPO) in the US, after pricing the deal at the middle of the range.

The company announced that it offered 3.3 million American depositary shares (ADSs) at $12.50 apiece, the mid-range of its $11.50 to $13.50 target when it filed its prospectus in December.

Edited by: Padma Priya

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