- Youdao (DAO), the education unit of Chinese videogame maker NetEase (NTES +2.6%), has amended its initial public offering registration to detail size and price range.
- The company will offer 5.6M American Depositary Shares in a range of $15-$18 each.
- It's also added Credit Suisse as an underwriter, along with Citigroup and Morgan Stanley.
- Youdao initially filed on Sept. 30 with a placeholder registration for $300M.