GSX Techedu, which provides K-12 online after-school tutoring in China, filed on Wednesday with the SEC to raise up to $220 million in an initial public offering.
The Beijing, China-based company was founded in 2014 and booked $92 million in sales for the 12 months ended March 31, 2019. It plans to list on the NYSE under the symbol GSX. Credit Suisse, Deutsche Bank, Barclays and CITIC CLSA are the joint bookrunners on the deal. No pricing terms were disclosed.
