Tarena International (TEDU) Stock Soars On Initial Day Of Trading

NEW YORK (TheStreet) -- Tarena International (TEDU) shares are up 13.3% to $10.21 on Thursday, its first day trading on the Nasdaq.

The Chinese IT education provider announced that it was pricing its initial public offering of 15.3 million American depository shares at $9 per share.

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Goldman Sachs (GS) and Credit Suisse (CS) acted as joint bookrunners, Jefferies acted as the lead manager, and Oppenheimer (OPY) as the co-manager for the offering.

Of the shares being offered, 11.5 million are being offered by Tarena International, while 3.8 million are being offered by the selling shareholders.

TEDU Chart

TEDU data by YCharts

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