New Shares Net TAL Education $500 Million

Teaching services provider TAL Education Group said it will raise $500 million by selling new shares to an investor, amid a broader surge of interest in offshore-listed education stocks.

New York-listed TAL said the new shares, combined with the investor’s existing holdings, would bring the investor’s stake to 5% of the company, according to an announcement issued after markets closed at the end of last week. TAL did not provide the investor’s name.

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