Puxin's M&A deals shake up tutoring segment

Puxin, a Chinese afterschool tutoring service provider, listed on the New York Stock Exchange on June 15. It is the country's third-largest education company by the number of student enrollment last year.

The Beijing-based platform is also the latest of four Chinese education companies that submitted applications for an initial public offering to the bourses in the United States this year. Its IPO application was preceded by those of Sunlands Online Education Group, Jingrui and Ambow Education Co Ltd.

China's top two players in the field, namely New Oriental Education and Technology Group and TAL Education Group, have been listed in the US stock market for years.