Initial Public Offering
Baird served as the co-manager of this offering.
AboutXueda Education Group (NYSE: XUE) (“Xueda” or the “Company”), a leading national provider of tutoring services for primary and secondary school students in China with a focus on offering personalized tutoring services, recently completed its initial public offering of 15,444,500 American Depositary Shares (“ADSs”), each representing two ordinary shares of the Company, at US$9.50 per ADS, a premium of 15% to the midpoint of the filing range (US$7.25 to US$9.25), with a total offering size of US$146.7 million, including the over-allotment option. All of the 15,444,500 ADSs were sold by the Company.
Xueda Education Group is a leading, national provider of personalized tutoring services for primary and secondary school students in China. According to IDC, Xueda is the largest provider of primary and secondary school tutoring services in China, and operates the largest network in terms of number of cities covered as of June 30, 2010. Since opening its first learning center in 2004, Xueda has organically built a network composed of 157 learning centers and over 8,800 full-time service professionals, serving customers in 44 economically developed cities across 27 of China’s 31 provinces and municipalities.
The Baird team included our dedicated industry bankers, our China team and members of our Equity Capital Markets group.
For additional information about this transaction, please contact:
- November 2010
- China Xueda Education Ltd
- Technology & Services
- Target Location
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