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Sunlands Online Education prices IPO at $11.50 low end

March 22, 2018
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Sunlands Online Education Group, a leading provider of online courses for degree-equivalent exams in China, raised $150 million by offering 13 million shares at $11.50, the low end of the $11.50 to $13.50 range. Sunlands Online Education Group plans to list on the NYSE under the symbol STG. Goldman Sachs (Asia), J.P. Morgan and Credit Suisse acted as lead managers on the deal.