New Oriental Education & Technology Group, a provider of private educational services in China, filed for an IPO on Tuesday. The Beijing-based company focuses primarily on foreign language training and test preparation courses. The offering will consist of 7.5million ADSs at a range of $11-$13 with a proposed market cap of $445 million. Credit Suisse, Goldman Sachs and Piper Jaffray are set to manage the deal which is expected to price the week of September 4th.
