Daojia Chases Unicorn Status on China’s Growing Thirst for Maids, Nannies

Provider of domestic workers to nation’s expanding middle class files for New York IPO with initial fundraising target of $100 million Key points: Domestic worker provider Daojia is unlikely to attain a market value of $1 billion in its upcoming IPO due to its relatively small size Company could become more attractive as it shifts from providing domestic workers to higher-margin training services By Doug Young Private education companies have been in a state of limbo for much of the last year, as China gets set to rein in the…

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