Global Education & Technology Group Limited (GEDU)

WA Business News  Apr 5  Comment 
Global education services provider Navitas has grown its university partnership student enrolments by 6 per cent for the 2018 financial year, while enrolments in its migrant English program have dropped.
The Hindu Business Line  Mar 14  Comment 
Policy must urgently focus on building a globally competitive higher education system in India. Here’s a roadmap
Forbes  Dec 23  Comment 
Festivals have grown beyond a straight lineup of musicians. Increasingly, attendees are looking for gatherings that include personal growth and learning. Mindvalley is making a mark on the global education stage through a strategy of online...
The Economic Times  Dec 10  Comment 
The chairman of Aarin Capital and also Manipal Global Education Services stressed that consent decrees are a very normal part of any capital market.
The Hindu Business Line  Dec 4  Comment 
The SEBI panel’s suggestions on corporate governance are good but not radical enough and mostly take the ‘tick-box’ approach for compliance, TV Mohandas Pai, chairman of Manipal Global Education, sai...
The Times of India  Oct 24  Comment 
The most common roles that freelancers are present in are data visualisation, data mining, digital marketing and social media, says A P Ramabhadran, CEO, professional learning unit, Manipal Global Education.
Cellular News  Sep 6  Comment 
SAN JOSE, Calif. , Sept.andnbsp;As the Internet of Things continues to influence the creation of new technology advancements in the classroom, it's essential that students and faculty have a solution that enables a safe and connected learning...




 
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Global Education & Technology Group Limited (NASDAQ:GEDU) is a Chinese company which provides education courses and services, particularly for foreign language and test preparation.[1] As of 2009, Global Education was the largest providers of preparation services for English-proficiency test in China by revenue and student enrollment. The company also directly operates 66 learning centers and operates 226 through franchises.[2]

Global Education plans to capitalize on the growing demand for English education. The growing middle class in China has increasingly pushed their children to learn English. The number of Chinese students admitted to US colleges and universities also has risen by 250% from 1,000 in 2006 to 2,500 in 2009. Global Education expects that the continued economic growth in China will continue to push up these numbers.[3]

The company's initial public offering of stock on the NASDAQ and occurred on October 7, 2010. Its initial price range was $8.50-$10.50, and the stock priced at the top at $10.50. The company sold 6.375M ADS shares and raised $67M. The lead underwriter were Credit Suisse Group (CS) and Bank of America (BAC).[4]

The company's revenue figures have consistently risen since 2007 - 83M RMB in 2007, 148M RMB in 2008, and 229M RMB in 2009. These increases have been roughly followed by growth in the net income figures. In 2007 the company reported 23M RMB, in 2008, 41M RMB, and in 2009, 56M RMB.[5]

References

  1. GEDU F-1/A 2010 Prospectus Summary "Our Company" pg 1
  2. GEDU F-1/A 2010 Prospectus Summary "Market Opportunity" pg 3
  3. Renaissance Capital - IPO Home "Global Education price IPO at $10.50, high end of the range; Chinese IPOs continue to take center stage"
  4. GEDU F-1/A 2010 Prospectus Summary "Summary COnsolidated Statements of Operations Data" pg 10
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