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Youdao offering 5.6M ADS at $15-$18 in IPO

Oct. 15, 2019 1:26 PM ETNTES, DAOBy: Jason Aycock, SA News Editor
  • 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.

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