Koolearn, an online education company under New Oriental, is planning to file for a Hong Kong initial public offering (IPO) in April, said Yu Minghong, founder and president of New Oriental, in an interview (in Chinese).

New Oriental could not be reached for comment.

Koolearn will launch its IPO roadshow this Thursday, determine the price of its shares on March 20, and start trading on the Hong Kong Stock Exchange on March 27, according to a separate report (in Chinese). Analysts forecast Koolearn could raise $90 million to $104 million.

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Nicole Jao

Nicole Jao is a reporter based in Beijing. She’s passionate about emerging trends, news, and stories of human interest within the world of technology. Connect with her on Twitter or via email: nicole.jao.iting@gmail.com.