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Global Education & Technology Group Limited submits filing for $100 million IPO

September 17, 2010

Global Education & Technology Group Limited, a China-based provider of education services including foreign language training and test prep, filed on Friday with the SEC to raise up to $100 million in an initial public offering. The Beijing-based company, which was founded in 2001 and booked $36 million in sales last year, plans to list on the NASDAQ under the symbol GEDU. Credit Suisse and BofA Merrill Lynch are the lead underwriters on the deal, for which terms and timing were not disclosed.