Ambow Education: Falls after pricing direct offering at a discount

Ambow Education Holding

01/10/2020 17:33

** U.S.-listed shares  AMBO.A  of Chinese educational
services provider fall as much as 29% to $3.58
    ** Stock breaks four straight sessions of gain and is on
track to post biggest one day pct loss in more than six months
    ** AMBO announces pricing of $6.0 million registered direct
offering  urn:newsml:reuters.com:*:nFWN2GS0NU
    ** Enters into definitive agreements with two institutional
investors for issuance of about 1.5 mln American depositary
shares at $3.98 per share, representing a discount of about 21%
to Wednesday's close
    ** Stock has jumped 93% YTD 

 (Reporting by Ankit Ajmera in Bengaluru)
 ((ankit.ajmera@thomsonreuters.com))