FHS News

This week, QuantaSing Group (QSG) is slated to complete the year's first US IPO from a Chinese company, in a deal led by Citigroup that would value it at $763 million. It should be the first US listing from a sizable Chinese education company in two years. Backed by well-known VCs including Qiming Venture Partners and GGV Capital, QuantaSing offers online...read more

A total of 32 companies entered the public market this past week, with the week’s 7 IPOs joined by one direct listing and 24 SPACs. In the largest US IPO of the year to date, Coupang (CPNG) upsized and priced above the upwardly revised range to raise $4.6 billion at a $62.9 billion market cap. The largest e-commerce player in Korea, Coupang nearly...read more

First High-School Education Group, which operates private high schools and provides tutoring services in China, raised $75 million by offering 7.5 million ADSs (33% secondary) at $10, within the range of $9.50 to $10.50. The company planned to raise an additional $4.5 million in a concurrent private placement to Ruihai Chuangfeng, a wholly-owned subsidiary of Haier Financial...read more

Updated Monday, 3/8. Seven IPOs and one direct listing are currently scheduled for the week ahead. Korean e-commerce giant Coupang (CPNG) plans to raise $3.4 billion at a $51.0 billion market cap. A leading player in its market, the company nearly doubled revenue in 2020 and has expanded its margins in recent years. Coupang is unprofitable, and...read more