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QuantaSing Group Priced, Nasdaq: QSG

Provides online financial literacy and personal interest courses for adults in China.

Industry: Consumer Discretionary

Latest Trade: $12.60 0.00 (0.0%)

First Day Return: +0.2%

Return from IPO: +0.8%

Industry: Consumer Discretionary

QuantaSing Group is the largest online learning service provider in China’s adult learning market for personal interest courses and among the top five service providers in China’s total adult learning market, in terms of revenue in 2021, according to the F&S report. We offer easy-to-understand, affordable, and accessible online courses to adult learners under various brands, including QiNiu, JiangZhen, and QianChi, empowering them to pursue personal development. We launched our financial literacy learning services in July 2019 and quickly became the largest online financial learning service provider for adults in China, with a market share of 36.9% in terms of revenue in 2021, according to the F&S report. In August 2021, we expanded our offerings into a selective repertoire of other personal interest courses beyond financial literacy, to leverage the general public’s gradual awakening to more diverse needs in pursuing personal development and lifelong learning. In February 2020, we launched our marketing services to financial intermediary enterprises, allowing them to connect with our learners to enlarge their customer base. In June 2022, we launched our enterprise talent management services to provide enterprise customers with online talent assessment, training and learning services for internal employee management. These services have enabled us to broaden our service offerings into enterprise customers and evolve into a two-sided service provider for both individuals and enterprises.
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IPO News for QuantaSing Group
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IPO Data
IPO File Date 12/20/2022
Offer Price $12.50
Price Range $11.50 - $13.50
Offer Shares (mm) 3.3
Deal Size ($mm) $41
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 01/24/2023
Offer Price $12.50
Price Range $11.50 - $13.50
Offer Shares (mm) 3.3
Deal Size ($mm) $41
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Beijing, China
Founded 2016
Employees 2,269
Website www.liangzizhige.com