RYB Education Inc. (NYSE:RYB, hereinafter “RYB” or the “Company”) has been successfully listed in New York Stock Exchange on 27 Sep 2017. The deal size is $166 million (the Over-Allotment Option has been fully exercised). CICC acted as joint bookrunner for the offering.

Founded on the core values of “Care” and “Responsibility”, RYB Education, Inc. is a leading early childhood education service provider in China. Since opening its first play-and-learn center in 1998, the Company has grown and flourished with the mission to provide individualized age-appropriate education to stimulate and nurture children so they can realize their full potential. During its nearly two decades of operating history, the Company has built “RYB” into a well-recognized education brand and helped bring about many new educational practices in China's early childhood education industry.

The US IPO of RYB is the first IPO of early childhood education players in China and the second largest IPO globally in education sector in 2017.This listing marks CICC’s another successful deal which demonstrates its long-term commitment to and capability of servicing promising private enterprises, high-growth companies in particular, and introducing them to the international capital markets. The transaction becomes a model example of CICC’s capability in US capital market services.