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.

Must Read: Warren Buffett's 10 Favorite Growth Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

Tesla Slumps After Mary McCormack Tweets Husband's Flaming Model S

Tesla Slumps After Mary McCormack Tweets Husband's Flaming Model S

Stocks Dive Globally as U.S.-China Trade War Intensifies

Stocks Dive Globally as U.S.-China Trade War Intensifies

China Trade War, Google, JD.com, Tesla, Brooks Koepka - 5 Things You Must Know

China Trade War, Google, JD.com, Tesla, Brooks Koepka - 5 Things You Must Know

Google Invests $550 Million in JD.com and 4 Other Stories to Watch Monday

Google Invests $550 Million in JD.com and 4 Other Stories to Watch Monday

Global Oil Prices Mixed as OPEC Production Talks, China Tariffs Weigh on Markets

Global Oil Prices Mixed as OPEC Production Talks, China Tariffs Weigh on Markets