China's online learning platform Youdao files for US IPO

Youdao, an intelligent learning firm of China's internet giant NetEase, is seeking to list on the NYSE.

NEW YORK: Youdao, an intelligent learning firm of China's internet giant NetEase, filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission late Monday, the company said in its latest prospectus.

Under the ticker symbol DAO, the company plans to be listed on the New York Stock Exchange, and to raise up to 300 million U.S. dollars, according to the prospectus. Relevant pricing terms are yet to be disclosed.