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Chinese after-school educator OneSmart Education files for a $300 million US IPO

March 2, 2018
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OneSmart International Education Group, which provides K-12 after-school education in China, filed on Friday with the SEC to raise up to $300 million in an initial public offering.

The Shanghai, China-based company was founded in 2007 and booked $342 million in sales for the 12 months ended November 30, 2017. It plans to list on the NYSE under the symbol ONE. OneSmart International Education Group filed confidentially on November 16, 2017. Morgan Stanley, Deutsche Bank and UBS Investment Bank are the joint bookrunners on the deal. No pricing terms were disclosed.