China Online Education Group Confirms Upcoming IPO, Aims for $45.6M Offering

CHINA ONLINE EDUCATION GROUP, an online and mobile education provider offering live one-on-one English classes, has confirmed details of its upcoming IPO in a press release. The company will offer 2,400,000 American depositary shares at $19.00 per share for a price of roughly US$45.6 million. The company will be listed on the New York Stock Exchange under the symbol COE. Morgan Stanley and Credit Suisse Securities facilitated the offering. Upon completion of the IPO, China Online will also close private investments totaling $20 million from Sequoia Capital and DCM Funds.

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