Jianzhi Education Technology Group, which provides an online learning platform and educational content in China, filed yesterday with the US Securities and Exchange Commission to raise up to $50 million.

The Beijing-based company plans to list on either the New York Stock Exchange or the Nasdaq.

Founded in 2011, Jianzhi Education initially provided educational content products and IT services to higher education institutions, and subsequently became a provider of digital educational content in China.

The company claims that last year 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.

Jianzhi Education reported $68 million in revenue for the 12 months ending 31 March 2021.

AMTD Global Markets and Loop Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.

Date published: 15 July 2021

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