China Digest: Edtech firm Spark Education, biopharma firm Abbisko file for IPOs

Luo Jian, founder and CEO of Chines online education platform Spark Education, announces the completion of a $150-million Series E1 round at a media briefing in Beijing on August 26, 2020. Source: GSR Ventures.

K12 after-school tutoring firm Spark Education and biopharmaceutical firm Abbisko Cayman Limited have filed to go public.

Sequoia China-backed Spark Education files for Nasdaq IPO

Spark Education, a Chinese K12 after-school tutoring firm backed by Sequoia Capital China, filed for an IPO on the Nasdaq stock exchange on Monday against the headwind of regulatory uncertainties in the home market.

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