Chinese online education startup Koolearn Technology is expecting to go public in Hong Kong.

Koolearn Technology intends to offer around 165 million shares priced between $1.18 to $1.41 to investors.

The company, part of New Oriental Education & Technology Group Inc., will raise up to 1.826 billion Hong Kong dollar ($232.6 million) in the stock market listing.

Koolearn noted that it will trade its shares on the Hong Kong Stock Exchange later this month.