GEMS picks JP Morgan, Credit Suisse, BAML for $5 Billion IPO -Reuters

Features Dow Jones Newswires

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.

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--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.

Full story: http://reut.rs/2AsLtol

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December 04, 2017 06:53 ET (11:53 GMT)