YQ News

The first week of the December IPO market saw eight IPOs and ten SPACs raise $3.9 billion, led by Chinese education technology group 17 Education (YQ). Filing activity continued to slow as we near the end of 2020, with one IPO and eight SPACs submitting initial filings. Chinese education technology group 17 Education & Technology Group...read more

17 Education & Technology Group, which provides online K-12 tutoring services in China, raised $288 million by offering 27.4 million ADSs at $10.50, within the range of $9.50 to $11.50. New investor China Pinnacle Equity Management had indicated on purchasing up to $80 million of the IPO (28% of the deal). 17 Education & Technology's smart in-school classroom solution...read more

Updated Monday, 11/30. Five IPOs and two SPACs are scheduled for the week ahead, with a wave of Monday morning launches kicking off the December IPO blitz as expected. Chinese education technology group 17 Education & Technology Group (YQ) plans to raise $288 million at a $2.2 billion market cap. The company's smart in-school classroom...read more

17 Education & Technology Group, which provides online K-12 tutoring services in China, announced terms for its IPO on Friday. The Beijing, China-based company plans to raise $288 million by offering 27.4 million ADSs at a price range of $9.50 to $11.50. New investor China Pinnacle Equity Management plans to purchase $80 million worth of ADSs in the offering. At...read more