GEMS picks JP Morgan, Credit Suisse, BAML for $5 Billion IPO -Reuters
--GEMS Education's owners have chosen JP Morgan, Credit Suisse and Bank of America Merrill Lynch to lead its initial public offering, Reuters reports, citing unnamed sources.
--GEMS, which operates more than 250 schools in 14 countries, could have a market capitalization of around $4.5 billion-$5 billion, Reuters said.
--The listing is expected to take place in London in 2018, according to Reuters.
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December 04, 2017 06:53 ET (11:53 GMT)Copyright (c) 2017 Dow Jones & Company, Inc.