COE News

LINE (LN), the popular Japanese messaging platform, popped 27% on Thursday after raising $1.15 billion in the largest US tech IPO since Alibaba in September 2014. While tech IPO activity still remains well below historical levels, LINE’s IPO is the latest positive data point from the sector. The past ten tech IPOs finished Thursday with a positive return...read more

A heavily-discounted Atkore International opened in negative territory on Friday, but end-of-day buying brought it up to its offer price, while China Online Education traded up about 5% initially, before breaking issue minutes before the close. The week's two offerings continue a long streak of underwhelming first-day pops for 2016 IPOs, averaging...read more

China Online Education Group (51Talk), a China-based online English language education platform, raised $45.6 million by offering 2.4 million ADSs at $19, within the range of $18 to $20. China Online Education plans to list on the NYSE under the symbol COE. Morgan Stanley and Credit Suisse acted as lead managers on the deal. ...read more

Even as the 2016 IPO market lags the prior year by deal count (34 IPOs; -53%), proceeds ($5.5B raised; -58%) and filings (49 submissions; -54%), US IPO activity of China-based companies has kept pace with 2015. Including Thursday's China Online Education (51Talk; COE), the three Chinese companies listing in the US have raised more proceeds...read more