NEW YORK, April 3, 2014 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced that trading of Tarena International, Inc. (Nasdaq:TEDU), a leading provider of professional education services in China, commenced on The NASDAQ Global Select Market on April 3, 2014.
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Tarena is the largest provider of IT professional education services in China with a market share of 8.3% as measured by revenues in 2013 according to IDC, a third-party research firm. Tarena complements live instruction and tutoring with a proprietary learning management system, named the Tarena Teaching System, or TTS. Through this education platform, Tarena provides job-oriented education with measurable outcomes, as demonstrated by high job placement rates and students' academic performance. Since its inception in 2002, Tarena has trained over 130,000 students, cooperated with more than 500 universities and colleges and placed students with approximately 35,000 corporate employers in a variety of industries."Tarena's innovative education platform combines live distance instruction, classroom-based tutoring and online learning modules which provide students with the practical knowledge to prepare them for their future," said Bob McCooey, Senior Vice President, NASDAQ OMX Corporate Client Group. "We congratulate Tarena on a successful initial public offering and we welcome them to the NASDAQ family." By listing with NASDAQ, Tarena International, Inc. joins some of the world's largest and most revolutionary companies. NASDAQ ® is the exchange of choice to over 70 percent of public technology companies listed in the U.S. markets. Cautionary Note Regarding Forward-Looking Statements The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding NASDAQ-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
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