Dalian city, Liaoning province-based Chinese international school operator China Maple Leaf Educational Systems Limited (MLES) has submitted an application form to the Hong Kong Stock Exchange for an initial public offering, according to a securities filing.
The IPO size and pricing range have not been finalized.
MLES received US$5 million investment in 2007 from Beijing-based investment bank The Balloch Group.
In 2008, Sequoia Capital took a 20% stake of the education group by investing RMB180 million (US$29 million).
Founded in 1995, MLES operates over 34 schools from preschool to high school in eight cities throughout China, serving over 12,500 students.
Its revenue for 2013 increased by 14% from a year earlier to RMB471.2 million (US$75.9 million), but its net profit declined slightly to RMB105 million (US$16.9 million) last year.
Hong Kong-based equity brokers and investment group CLSA, together with French bank and financial services company BNP Paribas will be joint book-runners.