Global Education & Technology Group Limited (GEDU)

Forbes  Mar 22  Comment 
The Global Education and Skills Forum convened its second annual conference in Dubai from March 15 to 17th. The forum brought together world leaders, heads of state, international ministers of education, innovators, and experts looking to help...
Financial Times  Feb 27  Comment 
Global education sector was favourite target for cyber criminals in 2013, says FireEye, the cyber security company, which analysed 40,000 attacks
DailyFinance  Feb 26  Comment 
FAIRFAX, VA -- (Marketwired) -- 02/26/14 -- George Mason University and INTO University Partnerships are announcing a joint venture that will expand the university's global reach and build international student programs. "The INTO Mason...
The Hindu Business Line  Feb 8  Comment 
Former United Nations Secretary General, Kofi Annan today said India’s goal of becoming a global education superpower and its continued strong economic growth cannot be achieved without significan...
The Hindu Business Line  Dec 21  Comment 
India needs to fix its cities if it wants to ramp up economic growth, T. V. Mohandas Pai, Chairman, Manipal Global Education Services, has said. Many of the Indian cities...
DailyFinance  Dec 9  Comment 
The Western Union Foundation today announced its third quarter 2013 grant commitment of more than US$2.8 million, which will be distributed across 35 nonprofit, non-governmental organizations (NGOs) around the world. To...
guardian.co.uk  Dec 3  Comment 
Peter Wilby is right to challenge the reliability and relevance of the Programme for International Student Assessment (Pisa) tests (Don't let a dubious test dictate how we educate, 2 December). Likewise when he writes that behind the tests "lies...
Financial Times  Nov 29  Comment 
The London-listed owner of the Financial Times intends to ‘redeploy the proceeds from the sale in its global education business’, it says
The Hindu Business Line  Nov 14  Comment 
Mohandas Pai, former finance chief at Infosys and current Chairman of Manipal Global Education, is in Chennai. Apart from being a friend, he is a great foodie; we are meeting for dinner and he ask...
Cloud Computing  Aug 23  Comment 
Research and Markets (http://www.researchandmarkets.com/research/p3sxtj/education) has announced the addition of the "Global Education Technology and the Smart Classroom Market Report: 2013 Edition" report to their offering. ...




 
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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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