News Snapshot:
Jianzhi Education Technology Group has become the first Chinese company to apply for a US flotation since Beijing proposed new rules to tighten scrutiny on offshore listings after the Didi Chuxing debacle. This is the company’s fifth attempt at an offshore stock offering, after four previous tries in Hong Kong failed. The Beijing-based provider of online vocational education has proposed to raise up to US$50 million through the sale of American depositary shares, according to its filing to the US securities regulator. The firm did not specify which exchange it seeks to list its shares. Didi Chuxing’s US$4.4 billion IPO...
