Golden Sun Education Group, which provides Spanish tutoring services in China, raised $18 million by offering 4.4 million shares at $4, the low end of the range of $4 to $5.
Golden Sun states that it is a leading provider of Spanish tutorial services in China. The company operates three tutorial centers for children and adults, one educational company that offers language classes through partner high schools, and one logistics company that provides services to its schools and tutorial centers.
Golden Sun Education Group plans to list on the Nasdaq under the symbol GSUN. Network 1 Financial Securities acted as sole bookrunner on the deal.
