17 Education & Technology Group
General Information | |
Business: |
We are a leading education technology company in China with an “in-school + after-school” integrated model. Our smart in-school classroom solution delivers data-driven teaching, learning and assessment products to teachers, students and parents across over 70,000 K-12 schools, with the number of average MAUs of our products exceeding that of the next four top players combined in the first half of 2020, making us the clear market leader in China, according to the Frost & Sullivan Report. (Note: 17 Education & Technology Group priced its IPO according to its prospectus terms of 27.4 million ADS at $10.50 each, which is the mid-point of its $9.50-to-$11.50 price range.) |
Industry: | EDUCATIONAL SERVICES |
Employees: | 2613 |
Founded: | 2013 |
Contact Information | |
Address | 16/F, Block B, Wangjing Greenland Center, Chaoyang District, Beijing 100102, People’s Republic of China |
Phone Number | +86 (10) 5945-1082 |
Web Address | http://www.17zuoye.com |
View Prospectus: | 17 Education & Technology Group |
Financial Information | |
Market Cap | $863.5mil |
Revenues | $152.0 mil (last 12 months) |
Net Income | $-770.4 mil (last 12 months) |
IPO Profile | |
Symbol | YQ |
Exchange | NASDAQ |
Shares (millions): | 27.4 |
Price range | $10.50 - $10.50 |
Est. $ Volume | $288.8 mil |
Manager / Joint Managers | Goldman Sachs/ Morgan Stanley/ BofA Securities |
CO-Managers | China Renaissance/ Tiger Brokers |
Expected To Trade: | 12/4/2020 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |