Ambow Education Files for IPO

Ambow Education Holding Ltd., a provider of educational and career enhancement services in China, has filed for a $138 million IPO. The company plans to trade on the NYSE under ticker symbol AMBO, with J.P. Morgan and Goldman Sachs (Asia) serving as co-lead underwriters.

It reports $20 million in net income for 2009, on $132 million in revenue.

Ambow shareholders include Actis, Macquarie, EdVenture, CStar Investment and JAFCO Asia Technology Fund.