IDG's China subsidiary and private equity firm Jafco both achieved partial exits as the education services provider went public raising $137.7m.
Tarena International, a China-based provider of professional IT education services, has raised $137.7m from an initial public offering on the Nasdaq market in the US, giving investor IDG Capital Partners a partial exit.
Tarena issued 11.5 million shares and existing shareholders 3.8 million, priced at $9.00 each. It may invest the proceeds in developing additional courses, developing its learning centre network, or expanding its sales and marketing and infrastructure.
IDG Capital Partners, the China-based corporate venturing unit owned by IT…
