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GOTU News

US IPO Weekly Recap: Revolve tops a 2-IPO week with an 89% first day return

RVLV

Two companies joined the public markets this week raising a total of $420 million, led by Revolve Group (RVLV), which posted an 89% gain. Two SPACs also came public raising a combined $500 million. ...read more

GSX Techedu prices IPO at $10.50, within the range

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...read more

US IPO Week Ahead: Millennial fashion seller Revolve set to #IPO

GSX

Two IPOs each plan to raise about $200 million in the coming week. One is a California-based online fashion retailer and the other is a China-based online tutoring provider. A blank check company is also on deck. Revolve Group (RVLV)...read more

Chinese online tutoring provider GSX Techedu sets terms for $208 million US IPO

Gaotu Techedu (GSX) logo

GSX Techedu, which provides K-12 online after-school tutoring in China, announced terms for its IPO on Friday. The Beijing, China-based company plans to raise $208 million by offering 19.8 million ADSs at a price range of $9.50 to $11.50. At the midpoint of...read more