GSX News

Two companies joined the public markets this week raising a total of $420 million, led by Revolve Group (RVLV), which posted an 89% gain. Two SPACs also came public raising a combined $500 million. Revolve Group (RVLV), an online women's fashion retailer, raised $212 million by offering 11.8 million shares at $18, the high...read more

GSX Techedu, which provides K-12 online after-school tutoring in China, raised $208 million by offering 19.8 million shares at $10.50, within the range of $9.50 to $11.50. GSX Techedu plans to list on the NYSE under the symbol GSX. Credit Suisse, Deutsche Bank, Barclays and CITIC CLSA acted as lead managers on the deal....read more

Two IPOs each plan to raise about $200 million in the coming week. One is a California-based online fashion retailer and the other is a China-based online tutoring provider. A blank check company is also on deck. Revolve Group (RVLV) plans to raise $200 million (75% insider) has scaled to a $500 million per year online fashion seller by targeting millennials...read more

GSX Techedu, which provides K-12 online after-school tutoring in China, announced terms for its IPO on Friday. The Beijing, China-based company plans to raise $208 million by offering 19.8 million ADSs at a price range of $9.50 to $11.50. At the midpoint of the proposed range, GSX Techedu would command a fully diluted market value of $2.6 billion. GSX Techedu was founded...read more