ChinaEdu Prices IPO (CEDU)

Posted: December 11, 2007 at 6:42 am

ChinaEdu Corporation (NASDAQ: CEDU) priced its 6.82 million ADR IPO at $10.00 per share, which is actually at the lower-end of its $10.00 to $12.00 range.  Bear Stearns acted as Lead mamanger and co-managers were listed as Piper Jaffray and CIBC World Markets.

This Beijing-based company is an educational services provider for online degree programs, and is now profitable..

More information can be found at its web site www.chinaedu.net.

Jon C. Ogg
December 10, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

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