IPOs

Chinese education platform Jianzhi Education Technology Group files for a $50 million US IPO

Jianzhi Education Technology Group, which provides an online learning platform and educational content in China, filed on Tuesday with the SEC to raise up to $50 million.

Jianzhi Education started its operations by providing educational content products and IT services to higher education institutions, and since then it has become a leading provider of digital educational content in China. The company states that it was the seventh largest digital content provider for higher education and the largest online career training services provider for higher education institutions in China in 2020.

The Beijing, China-based company was founded in 2011 and booked $68 million in revenue for the 12 months ended March 31, 2021. It plans to list on either the NYSE or the Nasdaq, and it has not selected a symbol yet (RC ticker: JETG.RC). Jianzhi Education Technology Group filed confidentially on March 26, 2021. AMTD Global Markets and Loop Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Chinese education platform Jianzhi Education Technology Group files for a $50 million US IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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