Jianzhi Education Technology Group, which provides an online learning platform and educational content in China, filed on Tuesday with the SEC to raise up to $50 million.
Jianzhi Education started its operations by providing educational content products and IT services to higher education institutions, and since then it has become a leading provider of digital educational content in China. The company states that it was the seventh largest digital content provider for higher education and the largest online career training services provider for higher education institutions in China in 2020.
The Beijing, China-based company was founded in 2011 and booked $68 million in revenue for the 12 months ended March 31, 2021. It plans to list on either the NYSE or the Nasdaq, and it has not selected a symbol yet (RC ticker: JETG.RC). Jianzhi Education Technology Group filed confidentially on March 26, 2021. AMTD Global Markets and Loop Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.
