Chinese Edtech Firm Set to Kickstart US IPO Push in 2023
- QuantaSing could open books for share sale on Thursday
- The company is planning to raise less than $50 million
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A Chinese firm providing digital adult learning services is set to be the first from the nation to list in the US this year, testing investor appetite after Beijing tightened oversight over its battered online education sector.
QuantaSing Group Ltd. is considering to start taking orders for a New York offering as soon as Thursday, Bloomberg News reported. The firm plans to raise less than $50 million, potentially the largest Chinese initial public offering in the US since Atour Lifestyle Holdings Ltd. in November.