NetClass Technology, which provides professional education software and services in China, raised $9 million by offering 1.8 million shares at $5, within the range of $4 to $6.
Through its PRC subsidiaries, NetClass Technology provides smart education IT solutions to schools, training institutions, corporations, government agencies, and other institutions and corporate customers in China. Its services include SaaS subscription services and application software development, and its products include modules such as teaching management, campus management, and online teaching, among others.
NetClass Technology plans to list on the Nasdaq under the symbol NTCL. Newbridge Securities and Revere Securities acted as joint bookrunners on the deal.
