New Oriental Education & Technology Group goes public in NYSE on September 7,2006. New Oriental Education and Technology Group Inc., the largest provider of private educational services in China went public on Thursday in New York Stock Exchange. Its initial public offering of 7.5 million American depositary shares was priced at $15 each, topping the expected pricing range of $11 to $13. New Oriental soared 39 percent after their initial public offering, the biggest first-day gain for a new stock since April. New Oriental has granted the underwriters a 30-day option to purchase up to an additional 1.13 million ADSs. Each ADS represents four common shares of New Oriental, and shares begin trading Thursday on the New York Stock Exchange under the ticker "EDU." Credit Suisse Securities was the sole global coordinator and acted as joint book-runners with Goldman Sachs. Piper Jaffray & Co. acted as a co-manager for the offering. New Oriental offers English and other foreign-language classes, test-preparation and online instruction. It runs 25 schools and more than 110 learning centers concentrated in the eastern provinces of China. Proceeds will be used to develop programs, acquire facilities and repay debt, according to the filing. New Oriental opened 10 schools in the fiscal year and plans to open six to eight more in fiscal 2007. "Private education is just starting to take off in China and we hope we can help China's growth,'' Chief Executive Officer Michael Ming Hou Yu said in an interview. (Agencies)

中国最大的民营教育服务机构新东方教育科技集团本周四在纽约股票交易所挂牌上市。新东方通过首次公开招股共发行750万股美国存托凭证，每股发行价为15美元，超过了此前预期的11至13美元。 新东方首日收盘价较之其发行价飙升了39％，是今年4月以来纽交所首日表现最好的新股票。 目前，新东方已赋予承销商一个30天的选择权，承销商在30天内还可另购113万股美国存托凭证。 每股美国存托凭证相当于四股新东方普通股，新东方在纽约股票交易所的交易代码为“EDU”。 瑞士信贷是新东方首次公开招股的唯一全球协调人，并与高盛投行一起担任此次招股的主承销商。Piper Jaffray & Co. 投行是此次公开招股的副承销商。 新东方的主要课程包括英语及其它外语类课程、备考类课程及在线教育课程。新东方在中国东部省份共开设了25所分校和110多个培训中心。 据资料显示，其收益主要用于开发新项目、购置设施及偿还贷款。新东方本财政年度共新开设10所分校，并计划在2007年财政年度再开设六至八所分校。 新东方总裁俞敏洪在接受采访时说：“民办教育在中国刚刚起步，希望我们能为中国的发展尽一份力。” (英语点津姗姗编辑)