Bright Scholar Education Holdings (BEDU) is planning to raise $135 million in an initial public offering (IPO) on Thursday, May 18th. The company will issue 15,000,000 shares at $8.00-$10.00 per share.
In the last twelve months, Bright Scholar Education Holdings generated $162.7 million in revenue and $5.8 million in net income. Bright Scholar Education Holdings has a market-cap of $1 billion.
Morgan Stanley and Deutsche Bank Securities acted as the underwriters for the IPO and China Merchants Securities (HK) and BNP Paribas were co-managers.
Bright Scholar Education Holdings provided the following description of their company for its IPO: “We are the largest operator of international and bilingual K-12 schools in China in terms of student enrollment as of September 1, 2016, according to the Frost & Sullivan report. We are dedicated to providing quality international education to Chinese students and equipping them with the critical academic foundation and skillsets necessary to succeed in the pursuit of higher education overseas. We also complement our international offerings with Chinese government-mandated curriculum for students who wish to maintain the option of pursuing higher education in China. “.
Bright Scholar Education Holdings was founded in 1994 and has 6079 employees. The company is located at No.1, Country Garden Road, Beijiao Town, Shunde District, Foshan, Guangdong 528300, The People’s Republic of China and can be reached via phone at (86) 757-6683-2507 or on the web at https://www.brightscholar.com.
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