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QuantaSing Group (QSG), a… QuantaSing Group (QSG), a provider of online adult learning services in China, priced 3.25M shares at $12.50. The deal priced within the $11.50-$13.50 range. Citi and CICC acted as joint book running managers for the offering. | ||||
The deal priced between… The deal priced between the $11.50-$13.50 range. Citi and CICC acted as joint book running managers for the offering. | ||||
In a regulatory filing on… In a regulatory filing on January 13, QuantaSing Group (QSG) disclosed details on its initial public offering of 3.25M American Depositary Shares, or "ADSs," representing 9.75M Class A ordinary shares. The filing stated that the company anticipates that the initial public offering price per ADS will be between $11.50 and $13.50. QuantaSing Group noted that it has applied to list the ADSs on the Nasdaq Global Market, under the symbol "QSG." Citibank, Tiger Brokers, CIC, CLSA and Univest Securities are listed as the deal's underwriters. QuantaSing is a provider of online adult learning services in China. The company reported 75.1M registered users as of Nov. 30 2022 and 1.1M "paying learners" as of the end of its fiscal year 2022. |