Global Education & Technology Group Limited (GEDU)

guardian.co.uk  Jun 21  Comment 
OECD education director welcomes scheme but questions government’s decision to focus on working parents The government’s plan to provide 30 hours’ free childcare has been criticised by a leading global education expert for failing to target...
The Hindu Business Line  Apr 12  Comment 
Manipal Global Education Services (MaGE) and Deakin University of Australia have announced a strategic alliance to start education and training programmes and establish a Data Science and Cyber Secur...
The Hindu Business Line  Jan 3  Comment 
Arundhati Bhattacharya has launched a Digital Platform, Mobile App powered by Manipal Global Education Services’ (MaGE) EduNxt Platform. The State Bank of India’s analytics dashboard app acts as a dig...
The Hindu Business Line  Dec 20  Comment 
Tata AIG General Insurance Company Ltd has signed a memorandum of understanding (MoU) with Manipal Global Education Services (MaGE) to offer a customised General Insurance Training Program for partic...
The Hindu Business Line  Dec 15  Comment 
Virtual Global Education Ltd has entered into an MoU with Kapu Welfare and Development Corporation Ltd, Andhra Pradesh. The MoU aims to promote employment-linked skill training of the students of Ka...
BBC News  Dec 7  Comment 
Why do Asian countries do so well in global education rankings? The OECD's education director says it reflects a belief that all pupils can succeed.
The Hindu Business Line  Sep 28  Comment 
Manipal Global Education Services, a part of the Manipal Group, has partnered with Coursera, an online education company, to offer its specialisation and certification programmes. As part of this t...
The Hindu Business Line  Sep 27  Comment 
Manipal Global Education Services, a part of the Manipal Group has partnered with Coursera, an online education company, to offer its specialisation and certification programmes.As a part of this tie...
The Economic Times  Aug 21  Comment 
Javadekar has proposed the fairs on the lines of international education fairs across major global education centres to attract the best of faculty.
New York Times  Apr 1  Comment 
Hanan Hroub, who recently won a $1 million global education prize, developed her play-therapy approach to help her own children cope with the trauma of violence.




 
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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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