The SoftBank-backed online tutoring course provider has floated in a $41.7m offering that comes in the wake of some $1.1bn in venture funding.

Zhangmen Education, a China-based after-school tutoring provider backed by internet and telecommunications group SoftBank, has raised $41.7m in an initial public offering on the New York Stock Exchange. The company priced 3.6 million American depositary shares, each representing nine ordinary shares, at $11.50 each, towards the lower end of the offering’s $11 to $13 range.…

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