Ambow Education Holding, which provides education, test prep and IT career training services in China, filed on Monday with the SEC to raise up to $5 million and list on the NYSE MKT. The company IPO'd on the NYSE in 2010 and was delisted in 2014; it currently trades on the OTC markets under the symbol AMBOY. Trading by appointment only on the OTC, Ambow's latest efforts are effectively an initial public offering.
The Beijing, China-based company was founded in 2000 and booked $63 million in sales for the 12 months ended March 31, 2017. It plans to list on the NYSE MKT under the symbol AMBO. The company has not selected an underwriter, and no pricing terms were disclosed.
