ChinaEdu listing on Nasdaq

Scheduled for Dec. 10:-$52.4 million estimated proceeds & $214.3 million post-money valuation. An initial public offering of 6.8 million American Depositary Shares,

The company expects the IPO to price between $10 and $12 per ADS. Each ADS represents three ordinary shares.

ChinaEdu is a Cayman Islands company with executive offices in Beijing.

The company provides comprehensive services for the online degree programs of leading Chinese universities, including academic program development, technology services, enrollment marketing, student support services and finance operations.
ChinaEdu also operates private primary and secondary schools, offers online tutoring services to primary and secondary school students, and markets and supports established international post-secondary and English language curriculum programs.
The company has strategic relationships with eleven universities, nine of which are under long-term, exclusive contracts that vary from 15 to 50 years.

ChinaEdu Chairman and Chief Executive Julia Huang was previously a senior manager at Ernst & Young Management Consulting Group in New York. She has also served as a project manager at Merck & Co.
Bear Stearns is serving as the IPO's lead underwriter. Piper Jaffray and CIBC World Markets are also underwriting the offering.
The underwriters have an option to buy up to about 1 million additional ADS from the company and some of the selling stockholders to cover any overallotments.

ChinaEdu is relatively small. It posted a profit of $1.6 million on revenue of roughly $15.8 million through the first six months of the year.

ChinaEdu provides online programs to supplement the offerings at several Chinese universities, operates its own private online K-12 tutoring company and private elementary schools, and offers online English courses to Chinese speakers no matter where they are.

ChinaEdu was formed in 1999 to provide online services at Renmin University of China.

After the IPO is priced, the officers and directors will own about a quarter of the company and three venture investors, Tiger Global, Qing Li and The McGraw-Hill Companies, will own about another quarter. (McGraw Hill, of course, has a huge interest in education through its textbook divisions.)(Online road show )

http://www.chinaedu.com/(Nasdaq: CEDU).

Tracking Shanghai Stock Exchange,Monday 10/12/07

The overnight advancing soldiers continued its assault today and consolidated its position at the day's closing.There were no sign of heavy-proft taking and the index is within its bullish zone.

Tuesday was an inverted hammer from a downtrend signalling its bullishness.A mild recovery is in place.

China's top economic planner said Sunday that it would step up reforms in key areas such as the economic system, investment regulation and supervision, resource products pricing and national healthcare.Ma Kai, head of the National Development and Reform Commission (NDRC), said .

Definition for Ladder Bottom & Mat Hold .