China Education Platform Fenbi Said to Weigh Hong Kong IPO (1)

Fenbi.com, a Chinese education platform for aspiring civil servants, is considering filing for a Hong Kong initial public offering, according to people familiar with the matter, after a crackdown on tutoring wiped out billions in market value.

The Beijing-based company is working with financial advisers and could raise about $300 million in an offering, the people said, asking not to be identified as the information is confidential.

Deliberations are ongoing and details of the offering such as size and timing could change, the people said. A representative for Fenbi declined to comment.

Fenbi, whose name means “chalk” in Chinese, offers ...