VC-backed PRC tutoring firm TAL Education makes strong NYSE debut
Tiger Global Management- and KTB Ventures-backed TAL Education Group, a Chinese tutoring firm, raised $120 million from its debut on the New York Stock Exchange, outperforming expectations as it closed 50% higher than its IPO listing price.
TAL Education began trading Wednesday at $14 and closed at $15, trading at a high of $15.74 in the interim. Tiger Global Management, an affiliate of existing shareholder Tiger Global Five China Holdings,...
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