The ByteDance-backed learning software and tutoring services provider priced its shares in the middle of their range as it went public in the US.

China-based education software provider 17 Education & Technology Group has floated in the United States in an initial public offering sized at almost $288m that enabled digital media group ByteDance to exit.

The offering involved the company issuing 27.4 million American Depositary Shares (ADSs), each of which represented 40% of an ordinary share, priced at $10.50 each, in the middle of the IPO’s $9.50 to $11.50 range.

Also known as 17Zuoye, 17EdTech combines in-class learning software that utilises data…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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