Hong Kong’s stock market is set to welcome another Chinese school operator after Minsheng Education started premarketing an initial public offering on Monday.
Bankers familiar with the situation said the Chongqing-headquartered school operator wants to raise $200 million by floating around a quarter of its business early next month.
It will be the third Hong Kong IPO in the education sector this year, coming hot on the heels of Wisdom Education and Yuhua Education, which together raised $308 million from their listings in January and February, respectively.
These deals swell the ranks of a market that could already boast good comparables in...
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