JIADE, which provides support services to adult education institutions in China, raised $8 million by offering 2 million shares at $4, the low end of the range of $4 to $5. The company offered 0.2 million fewer shares than anticipated.
Through its PRC subsidiaries, JIADE provides comprehensive education support services to adult education institutions in China, which encompass teaching support services throughout the entire teaching cycle and related exam administration services. Its services are primarily offered through the Kebiao Technology Educational Administration Platform, which facilitates streamlined information and data management across the teaching cycle, from pre-enrollment to post-graduation.
JIADE plans to list on the Nasdaq under the symbol JDZG. WestPark Capital acted as sole bookrunner on the deal.
