TDE Group, a Hong Kong-based provider of education-related services and products, raised the proposed deal size for its upcoming IPO on Friday.
The Hong Kong, China-based company now plans to raise $17 million by offering 3 million shares (42% secondary) at a price range of $5 to $6. The company had previously filed to offer 1.3 million (100% primary) shares at the same range. At the midpoint of the revised deal size, TDE Group will raise 126% more in proceeds than previously anticipated.
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.
TDE Group was founded in 1996 and booked $5 million in revenue for the 12 months ended August 31, 2025. It plans to list on the Nasdaq under the symbol TTEI. WallachBeth Capital is the sole bookrunner on the deal.
