Renaissance Capital logo

China's Sunlands Online Education files for a $300 million US IPO

February 23, 2018
Sunlands Online Education Group logo

Sunlands Online Education Group, a Chinese provider of online courses for professional qualifications, filed on Friday with the SEC to raise up to $300 million in an initial public offering.

The Beijing, China-based company was founded in 2003 and booked $89 million in sales for the 12 months ended June 30, 2017. It plans to list on the NYSE under the symbol STG. Goldman Sachs (Asia), J.P. Morgan and Credit Suisse are the joint bookrunners on the deal. No pricing terms were disclosed.