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17 Education & Technology Group Priced, Nasdaq: YQ

Provides online K-12 tutoring services in China.

Industry: Consumer Discretionary

Latest Trade: $2.01 +0.13 (+6.9%)

First Day Return: +0.7%

Return from IPO: -82.1%

Industry: Consumer Discretionary

We are a leading education technology company in China with an “in-school + after-school” integrated model. Our smart in-school classroom solution delivers data-driven teaching, learning and assessment products to teachers, students and parents across over 70,000 K-12 schools, with the number of average MAUs of our products exceeding that of the next four top players combined in the first half of 2020, making us the clear market leader in China according to the Frost & Sullivan Report. In particular, we covered approximately 56% of the primary schools, 60% of the middle schools and 7% of the high schools using smart in-school classroom solutions in China in the first half of 2020, according to the Frost & Sullivan Report. Leveraging our in-school leadership, we offer online K-12 large-class after-school tutoring services that complement students’ in-school learning. We rapidly became a top five online K-12 large-class after-school tutoring service provider in China in terms of both paid course enrollments and gross billings in 2019 and the first half of 2020, according to the Frost & Sullivan Report. Powered by our integrated model and technology, our online K-12 large-class after-school tutoring courses stand out in terms of our unique approach to personalization realized through our data-driven understanding of individual students’ in-school performance, as well as our district-level localized insights.
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IPO News for 17 Education & Technology Group
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IPO Data
IPO File Date 11/13/2020
Offer Price $10.50
Price Range $9.50 - $11.50
Offer Shares (mm) 27.4
Deal Size ($mm) $288
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 12/03/2020
Offer Price $10.50
Price Range $9.50 - $11.50
Offer Shares (mm) 27.4
Deal Size ($mm) $288
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Beijing, China
Founded 2012
Employees 2,613
Website www.17zuoye.com