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逗你玩系列:新东方上市传奇 两分钟搞定:伟大的留学导师“渔民红” (转贴) |
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逗你玩系列:新东方上市传奇 两分钟搞定:伟大的留学导师“渔民红” (转贴) -- 安普若 - (789 Byte) 2006-9-10 周日, 04:28 (5009 reads) |
Xiaomaomao [博客] [个人文集]


头衔: 海归中校 声望: 学员 性别:  加入时间: 2005/11/21 文章: 161 来自: New York, U.S.A. 海归分: 39015
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作者:Xiaomaomao 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
New Oriental, the first IPO after a two-week lull, raised $112.5 million on Wednesday with an offering of 7.5 million American Depositary Shares that sold for $15 each, compared with a forecast of $11 to $13. Each ADS represents four common shares.
The IPO, which represents about a 21 percent stake in the company, gives New Oriental an initial market capitalization of $529 million.
New Oriental plans to use proceeds from the IPO for working capital, general corporate purposes, expansion, and to repay debt, according to the SEC filing.
The company offers services and products primarily for English and other language training and delivers programs through a network of 25 schools, 111 learning centers and 13 bookstores.
The company also has more than 5,000 third-party bookstores, some 1,700 teachers in 24 cities and about 2 million registered online users, according to the SEC filing.
The underwriters, led by Credit Suisse and Goldman Sachs (Asia) LLC, have an option to purchase an additional 1.1 million ADSs.
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Founder and CEO Michael Yu said New Oriental Education's successful opening can be attributed in large part to growth prospects for his company as well as the economy of China.
"This is mainly because of confidence in China's economic future," Yu said.
Two-thirds of the company's revenue is derived from four cities in China -- Beijing, Shanghai, Guangzhou and Wuhan -- each with a population of more than 4 million, according to a filing with the U.S. Securities and Exchange Commission.
The company plans to use proceeds from the offering to open new schools, develop teaching facilities, and also for possible "strategic acquisitions" in China, Yu said.
"The impression is that people recognize the big market of Chinese education," he said.
作者:Xiaomaomao 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
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