Renaissance Capital logo

Ambow Education prices IPO at $10.00, at the low end of the range

August 5, 2010

Ambow Education Holding, which provides education, test prep and IT career training services in China, raised $107 million on Wednesday by offering 10.7 million shares at $10.00, at the low end of its $10.00 to $12.00 proposed range. Ambow Education Holding is expected to begin trading Thursday on the NYSE under the symbol AMBO. J.P. Morgan and Goldman Sachs (Asia) L.L.C. acted as lead managers on the deal.