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Chinese education company Youdao to offer 5.6 million ADSs in IPO, priced at $15 to $18 each

“Chinese education company Youdao Inc” writes Ciara Linnane for marketwatch.com. “We’re the leading intelligent learning company in China with over 100.0 million average total MAUs* (monthly average users) in the first half of 2019.”. “For over a decade, Youdao has developed and used technologies to provide learning content, applications and solutions to users of all ages,” the company says in its IPO documents.The company has applied to list on the New York Stock Exchange under the ticker symbol “DAO.” Citigroup, Morgan Stanley, Credit Suisse, CICC and HSBC are underwriters on the deal.
 
Source: marketwatch.com



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