Global Education & Technology Group Limited (GEDU)

The Hindu Business Line  Jul 7  Comment 
Manipal Global Education Services has launched the Institute of Customer Experience Management (ICEM), a first of its kind institute in India which offers an MBA equivalent Post Graduate Program i...
The Hindu Business Line  Jun 27  Comment 
Kerala-based Catholic Syrian Bank has signed up Manipal Global Education Services for a residential training programme for its 240 newly recruited probationary officers. This is to get the...
The Economic Times  Jun 9  Comment 
Bullish on the multi-billion global education sector, HCL Learning said it has forayed into international markets to offer customised content.
WA Business News  May 22  Comment 
Perth-based global education provider Navitas has been ranked among the world's most innovative growth companies by leading American business magazine Forbes.
Forbes  May 21  Comment 
“The Learning Curve provides an ever-deeper knowledge base about precisely how education systems improve themselves,” said Sir Michael Barber, Pearson’s chief education advisor. “The rise of Pacific Asian countries, which combine effective...
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...




 
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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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