Quick Take
GSX Techedu (GSX) has filed to raise $208 million from the sale of ADSs in a U.S. IPO, according to an amended registration statement.
The company has developed a live broadcasting platform to deliver after-school supplementary education to K-12 students in China.
GSX has grown quickly and produced enviable financial results, but the IPO is excessively priced.
Company & Technology
Beijing, China-based GSX Techedu was founded in 2014 to provide online after-school K-12 courses that inspire students’ genuine interest and in-depth interactions through its proprietary live broadcasting platform in China.