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Chinese ed tech: China Online Education files for a $100 million IPO

May 12, 2016
COEG.RC

China Online Education Group, a China-based online education platform focused on English proficiency, filed on Thursday with the SEC to raise up to $100 million in an initial public offering.

The Beijing, China-based company was founded in 2012 and booked $31 million in sales for the 12 months ended March 31, 2016. It has not chosen an exchange or ticker. Morgan Stanley and Credit Suisse are the joint bookrunners on the deal. No pricing terms were disclosed.