
PE-backed Ambow files for NYSE IPO
Ambow Education Holding Ltd. - a PRC education and career development service provider backed by Actis, CStar Investment, EdVenture, JAFCO Asia Technology Fund and Macquarie - has filed for an IPO on the New York Stock Exchange, planning to raise nearly $118 million.
According to Ambow, the IPO proceeds will be used to grow its business organically and through acquisition. Ambow already has a presence in 30 out of 31 Chinese provinces. Goldman Sachs and JPMorgan...
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