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Warburg-Backed Chinese Online Tutoring Startup Weighs U.S. IPO

  • Zhangmen, founded in 2005, seeks to raise $300 million in IPO
  • Startup also counts Lei Jun’s fund, CMC Capital among backers

Zhangmen, a Warburg Pincus-backed Chinese online tutoring platform, is considering a U.S. initial public offering that could raise about $300 million, according to people familiar with the matter.

The Shanghai-based company has held discussions with potential advisers on the share sale, which could take place as soon as next year, said the people, who asked not to be identified as the information is private.