Chinese computer-based testing and education company ATA Inc. announces terms

ATA, Inc., a leading provider of computer-based testing services, career-oriented educational programs and test preparation solutions in China, announced terms for its IPO on Wednesday. The company plans to offer 4.9 million ADSs, each representing two common shares, at an expected range of $9.50 to $11.50. ATA Inc. has applied to have its ADSs listed on the NASDAQ under the ticker ATAI. Merrill Lynch is the lead underwriter on the deal.