Jianzhi Education Technology Group, which provides an online learning platform and educational content in China, raised $25 million by offering 5 million shares at $5, the low end of the range of $5 to $7.
Jianzhi Education started its operations by providing educational content products and IT services to higher education institutions in China, and since then it has shifted its focus to providing digital educational content. As of December 31, 2021, the company's educational content library consisted of more than 30,000 online videos and video courses, which was offered to approximately 2,000 higher education institutions and more than 20 provincial, city, and county libraries in China.
Jianzhi Education Technology Group plans to list on the Nasdaq under the symbol JZ. Univest Securities acted as sole bookrunner on the deal.
