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GSX Techedu prices IPO at $10.50, within the range

June 6, 2019
Gaotu Techedu (GSX) logo

GSX Techedu, which provides K-12 online after-school tutoring in China, raised $208 million by offering 19.8 million shares at $10.50, within the range of $9.50 to $11.50. GSX Techedu plans to list on the NYSE under the symbol GSX. Credit Suisse, Deutsche Bank, Barclays and CITIC CLSA acted as lead managers on the deal.