Education Firm Hopes for High Marks With $300 Million IPO Plan

Photo: VCG
Photo: VCG

Sunlands Online Education Group has filed for a U.S. listing to raise up to $300 million, the latest in a string of fund-raising efforts by education firms as offshore Chinese IPOs get off to a strong start in 2018.

Founded in 2003, Sunlands began as a traditional education company specializing in programs aimed at professionals. Four years ago it began transiting to an online-focused business model, allowing it to more than double the number of students it serves from around 200,000 in 2015 to a current total of around 550,000.

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