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Koolearn.com expected to IPO

  • New Oriental Education & Technology (NYSE:EDU) plans to list its Koolearn.com property on the Hong Kong Stock Exchange, according to Bloomberg.
  • The company is seeking $400M in the IPO of the online learning platform.
  • Tencent (OTCPK:TCEHY) is a stakeholder in Koolearn.com.

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New Oriental Education & Technology Group Inc.