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Youdao IPO of 5.6 Million ADSs Priced at $17 Each

By Colin Kellaher


Youdao Inc. (DAO) on Friday said its initial public offering of 5.6 million American depositary shares was priced at $17 apiece.

The Chinese learning products and services company majority owned by NetEase Inc. (NTES) earlier this month said it expected an offering price of $15 to $18 per ADS.

NetEase will remain Youdao's controlling shareholder.

Youdao said it expects its ADSs to begin trading Friday on the New York Stock Exchange.


Write to Colin Kellaher at


(END) Dow Jones Newswires

October 25, 2019 07:25 ET (11:25 GMT)

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