Online education company Koolearn Technology plans to raise HK$1,826 million (£175.8 million) in its Hong Kong initial public offering.

CX Live, Caixin Global’s news outlet, reported that the company would offer around 165 million shares, priced between HK$9.3 and HK$11.1, to investors. The company said in a statement earlier this month that it would announce the final offer price by 28 March on the website of the stock exchange.

The company, an online provider of extracurricular education services, filed an IPO application to the Hong Kong stock exchange last month. It had first applied in July last year but failed to gain approval.

Koolearn was briefly listed in Shenzhen, China, between March 2017 and February 2018.

Koolearn was founded in 2005 by US-listed Chinese company New Oriental Education and Technology Group, one of the early players in China’s education market.