Noah Education Prices High

Noah Education Holdings Ltd., a Shenzhen, China-based provider of interactive education content in China, raised $137.9 million in its IPO. The company priced 9.85 million American depository shares at $14 per share, which was significantly above its $9.80-$11.80 per share offering range. It will begin trading on the NYSE under ticker symbol NED, while Deutsche Bank Securities served as lead underwriter. Shareholders include Baring Private Equity Partners, Lehman Brothers Commercial Corp. Asia Ltd. and Dynamic View Investments.