ChinaEdu Files for IPO

ChinaEdu Corp., a Beijing-based provider of various services to the online degree programs of Chinese universities, has filed for an IPO of 6.82 million American depository shares being offered at between $10 and $12 per share. It plans to trade on the Nasdaq under ticker symbol CEDU, with Bear Stearns & Co. serving as lead underwriter. Shareholders include tiger Global (19.82% pre-IPO stake), McGraw-Hill Cos. (6.61%), IDG Technology Ventures (4.5%), UOB Venture Technology Investments (2.68%) and EcoChina Investments (1.47%).