TDE Group, a Hong Kong-based provider of education-related services and products, filed on Friday with the SEC to raise up to $7 million in an initial public offering.
The company plans to raise $6.9 million by offering 1.25 million shares at a price range of $5 to $6. At the midpoint of the proposed range, TDE Group would be valued at $138 million.
Through its operating subsidiary, Trumptech Digital Education Services, the company offers various education services in Hong Kong for topics in STEAM (science, technology, engineering, arts and mathematics). It generates revenue by hosting fundays and competitions, offering training courses, hardware, classroom set-up services, and software licensing, as well as non-STEAM education advisory services.
The Hong Kong, China-based company was founded in 1996 and booked $4 million in sales for the 12 months ended February 28, 2025. It plans to list on the Nasdaq under the symbol TTEI. TDE Group filed confidentially on February 7, 2025. WallachBeth Capital is the sole bookrunner on the deal.
