RYB Education (RYB) plans to raise $133 million in an initial public offering on Wednesday, September 27th, IPO Scoop reports. The company will issue 7,800,000 shares at a price of $16.00-$18.00 per share.

In the last twelve months, RYB Education generated $123.7 million in revenue and $7.6 million in net income. RYB Education has a market cap of $487.7 million.

Credit Suisse and Morgan Stanley served as the underwriters for the IPO and CICC and BNP PARIBAS were co-managers.

RYB Education provided the following description of their company for its IPO: “We are the largest early childhood education services provider in China, as measured by annual total revenues in 2016, according to the Frost & Sullivan Report. We are a pioneer in the early childhood education market in China and opened the first play-and-learn center in China in 1998. In our nearly two decades of operating history, we have built the well-recognized “RYB” education brand and developed many education practices in China’s early childhood education industry, and our substantial growth was powered by our industry-leading curriculum development capability and teacher training system. “.

RYB Education was founded in 1998 and has 4434 employees. The company is located at 4/F, No. 29 Building, Fangguyan Section 1, Fangzhuang, Fengtai District, Beijing, 100078, People’s Republic of China and can be reached via phone at +86 10-8767 5611 or on the web at http://www.rybbaby.com.

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