Baring Asia-backed Nord Anglia raises $304m, jumps on debut
Nord Anglia Education, a school operator controlled by Baring Private Equity Asia, saw its shares close up 12.5% on the first day of trading on the New York Stock Exchange. This followed an IPO that raised $304 million.
Nord Anglia's peaked at $18.69 before closing at $18 on Wednesday. The company sold 19 million shares in the public offering, pricing them at $16 apiece, the midpoint of the indicative range. Baring Asia...
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