Ascendent-backed RYB Education gains 40% on US debut
Chinese kindergarten operator RYB Education closed up 40% on its first day of trading in New York following a $144.3 million IPO. Ascendent Capital Partners made a partial exit through the offering.
A total of 7.8 million American Depository Shares (ADS) were sold for $18.50 apiece, according to a filing. Underwriters can buy up to 1.17 additional shares by exercising the overallotment option. The...
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