QuantaSing Group, an online learning service provider in China, filed on Tuesday with the SEC to raise up to $60 million in an initial public offering.
As the largest online service provider in China's adult learning market for personal interest courses, QuantaSing Group offers courses in financial literacy and marketing services under various brands. In June 2022, the company launched its enterprise talent management services to provide enterprise customers with online talent assessment, training, and learning services for internal employee management. Its platform contains live streaming, pre-recordings, and intelligent study toolkits, among other features.
The Beijing, China-based company was founded in 2016 and booked $399 million in revenue for the 12 months ended September 30, 2022. It plans to list on the Nasdaq under the symbol QSG. QuantaSing Group filed confidentially on September 29, 2022. Citi and CICC are the joint bookrunners on the deal. No pricing terms were disclosed.
