initial public offerings (IPOs) trading on American exchanges

Friday, June 15, 2018

Puxin (NEW) began trading on the NYSE on Fri 15 June 2018

Puxin provides K-12 after school education services to students in China.  It is growing revenue rapidly but faces scaling challenges in terms of efficiencies and a debt-heavy balance sheet.

At a price range of $17 to $20 per share, the company plans to raise up to $144 million and has an expected market cap of ~$1.7 billion.

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