Jianzhi plans the yr’s second US IPO from a Chinese language training firm

Jianzhi plans the yr’s second US IPO from a Chinese language training firm

Practically one yr after submitting its preliminary submitting, Chinese language training firm Jianzhi Training


Practically one yr after submitting its preliminary submitting, Chinese language training firm Jianzhi Training Know-how (JZ) has set phrases for its US IPO. The corporate’s Nasdaq itemizing might come as quickly as this month.

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A supplier of digital academic content material, Jianzhi plans to lift $30 million at a $363 million market cap. It’s coming public with about $74 million in annual gross sales (+17% y/y) and $8 million in earnings (-41% y/y).

Jianzhi could be the second China-based training firm to IPO this yr, following micro-cap Golden Solar Training (GSUN), which went public in June. Within the final 5 years, there have been 12 US IPOs from Chinese language training firms. The group averages a -44% return from provide, with only one (GSUN) buying and selling above difficulty.

Jianzhi plans the yr’s second US IPO from a Chinese language training firm
Regulatory uncertainty successfully barred most US listings from China in mid-2021, as Beijing cracked down on international listings. On the similar time, China’s non-public training sector was crushed when the nation shut down the for-profit tutoring business. Since then, the nation’s regulator has clarified its stance on international listings, spurring the return of small Chinese language issuers to the US IPO market.

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