RYB Education (RYB) IPO Opens Higher

Today's IPO for RYB Education (NYSE: RYB) opened for trading at $24.12 after pricing 7,800,000 American depositary shares, at $18.50 per ADS.

Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. International plc are acting as active lead bookrunners for the offering, while China International Capital Corporation Hong Kong Securities Limited and BNP Paribas Securities Corp. are acting as passive junior bookrunners.

Founded on the core values of ''Care'' and ''Responsibility,'' RYB Education, Inc. is a leading early childhood education service provider in China. Since opening its first play-and-learn center in 1998, the Company has grown and flourished with the mission to provide individualized age-appropriate education to stimulate and nurture children so they can realize their full potential. During its nearly two decades of operating history, the Company has built "RYB" into a well-recognized education brand and helped bring about many new educational practices in China's early childhood education industry. RYB's comprehensive early childhood education solutions meet the needs of children from infancy to 6 years old through structured courses at kindergartens and play-and-learn centers, as well as at-home educational products and services through its Hong Shan Enable Alliance.

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