Codemao, a Chinese online education platform that offers computer programming classes to kids, has officially kicked off preparations for an initial public offering on Shanghai’s STAR Market after closing its Rmb400 million $57 million series-C funding round on Monday.
In a statement posted on its official WeChat blog, the four-year-old startup said it has already appointed investment banks to prepare for a listing. No timeline was specified, although Codemao chief financial officer Zhang Wei said earlier this year that the company aims to complete the IPO within two years.
Codemao’s total funding to date now surpasses the Rmb1 billion mark in the wake...
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