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will keep a eye on it, thanks
ALERT $$$ if u see it trade tell me. I dont want to miss
ChinaEdu
www.chinaedu.com
I put this out so we are watching for it, please if u see it trade tell me.
thanks
I put this out so we are watching for it, please if u see it trade tell me.
thanks
IPO Calendar - All Upcoming IPOs
http://www.ipohome.com/marketwatch/ondeck.asp
ChinaEdu
www.chinaedu.com
(Nasdaq: CEDU)
Scheduled for Dec. 10
$52.4 million estimated proceeds
$214.3 million post-money valuation
Education companies have made popular IPOs in recent months and so have Chinese companies. ChinaEdu is the logical extension — an education company based in China. Talk about the bankers being on top of trends. ChinaEdu provides online programs to supplement the offerings at several Chinese universities, operates its own private online K-12 tutoring company and private elementary schools, and offers online English courses to Chinese speakers no matter where they are.
China has a high rate of basic literacy, and many Chinese people know that they need even more education to compete in a rapidly industrializing nation and a global economy. Hence, they are willing to pay extra to educate themselves and their children. ChinaEdu was formed in 1999 to provide online services at Renmin University of China. The core business contracts with campuses rather than directly with students, but acquisitions into the tutoring, elementary and vocational educational markets have brought ChinaEdu face to face with the students who use its services.
The proceeds of the deal will be split between general corporate use and capital spending, including opening a network of learning centers and construction at a private elementary school and at a language school. Some of the venture capital firms are reducing their ownership, but not all are. After the IPO is priced, the officers and directors will own about a quarter of the company and three venture investors, Tiger Global, Qing Li and The McGraw-Hill Companies, will own about another quarter. (McGraw Hill, of course, has a huge interest in education through its textbook divisions.)
ChinaEdu registers for IPO
Email|Print| Text size – +
November 26, 2007
NEW YORK—ChinaEdu Corp., which provides educational services in China, plans an initial public offering of 6.8 million American Depositary Shares, according to a Securities and Exchange Commission filing Monday.
more stories like this
The company expects the IPO to price between $10 and $12 per ADS. Each ADS represents three ordinary shares.
ChinaEdu is selling about 5.5 million of the ADS and a group of selling stockholders is offering the roughly 1.4 million ADS remaining.
Assuming an offering price of $11 per share, the company expects to raise about $52.4 million from its portion of the IPO, after fees and expenses.
ChinaEdu is a Cayman Islands company with executive offices in Beijing.
The company provides comprehensive services for the online degree programs of leading Chinese universities, including academic program development, technology services, enrollment marketing, student support services and finance operations.
ChinaEdu also operates private primary and secondary schools, offers online tutoring services to primary and secondary school students, and markets and supports established international post-secondary and English language curriculum programs.
The company has strategic relationships with eleven universities, nine of which are under long-term, exclusive contracts that vary from 15 to 50 years.
For the six months ended June 30, ChinaEdu reported earnings of $1.6 million on revenue of about $15.8 million.
The company noted that it has taken steps to correct several material weaknesses in its internal controls over financial reporting.
ChinaEdu plans to use the proceeds from its portion of the offering to expand its business, to develop its own initial network of learning centers, to complete the construction of new campuses and for general corporate purposes, including potential acquisitions.
ChinaEdu Chairman and Chief Executive Julia Huang was previously a senior manager at Ernst & Young Management Consulting Group in New York. She has also served as a project manager at Merck & Co.
Bear Stearns is serving as the IPO's lead underwriter. Piper Jaffray and CIBC World Markets are also underwriting the offering.
The underwriters have an option to buy up to about 1 million additional ADS from the company and some of the selling stockholders to cover any overallotments.
ChinaEdu plans to list its shares on the Nasdaq Global Market under the symbol "CEDU."
hey not bad, where did you get the monkey.
roflamo
on watch IPO Calendar - All Upcoming IPOs
IPO Calendar - All Upcoming IPOs
http://www.ipohome.com/marketwatch/ondeck.asp
ChinaEdu
www.chinaedu.com
(Nasdaq: CEDU)
Scheduled for Dec. 10
$52.4 million estimated proceeds
$214.3 million post-money valuation
Education companies have made popular IPOs in recent months and so have Chinese companies. ChinaEdu is the logical extension — an education company based in China. Talk about the bankers being on top of trends. ChinaEdu provides online programs to supplement the offerings at several Chinese universities, operates its own private online K-12 tutoring company and private elementary schools, and offers online English courses to Chinese speakers no matter where they are.
China has a high rate of basic literacy, and many Chinese people know that they need even more education to compete in a rapidly industrializing nation and a global economy. Hence, they are willing to pay extra to educate themselves and their children. ChinaEdu was formed in 1999 to provide online services at Renmin University of China. The core business contracts with campuses rather than directly with students, but acquisitions into the tutoring, elementary and vocational educational markets have brought ChinaEdu face to face with the students who use its services.
The proceeds of the deal will be split between general corporate use and capital spending, including opening a network of learning centers and construction at a private elementary school and at a language school. Some of the venture capital firms are reducing their ownership, but not all are. After the IPO is priced, the officers and directors will own about a quarter of the company and three venture investors, Tiger Global, Qing Li and The McGraw-Hill Companies, will own about another quarter. (McGraw Hill, of course, has a huge interest in education through its textbook divisions.)
ChinaEdu registers for IPO
Email|Print| Text size – +
November 26, 2007
NEW YORK—ChinaEdu Corp., which provides educational services in China, plans an initial public offering of 6.8 million American Depositary Shares, according to a Securities and Exchange Commission filing Monday.
more stories like this
The company expects the IPO to price between $10 and $12 per ADS. Each ADS represents three ordinary shares.
ChinaEdu is selling about 5.5 million of the ADS and a group of selling stockholders is offering the roughly 1.4 million ADS remaining.
Assuming an offering price of $11 per share, the company expects to raise about $52.4 million from its portion of the IPO, after fees and expenses.
ChinaEdu is a Cayman Islands company with executive offices in Beijing.
The company provides comprehensive services for the online degree programs of leading Chinese universities, including academic program development, technology services, enrollment marketing, student support services and finance operations.
ChinaEdu also operates private primary and secondary schools, offers online tutoring services to primary and secondary school students, and markets and supports established international post-secondary and English language curriculum programs.
The company has strategic relationships with eleven universities, nine of which are under long-term, exclusive contracts that vary from 15 to 50 years.
For the six months ended June 30, ChinaEdu reported earnings of $1.6 million on revenue of about $15.8 million.
The company noted that it has taken steps to correct several material weaknesses in its internal controls over financial reporting.
ChinaEdu plans to use the proceeds from its portion of the offering to expand its business, to develop its own initial network of learning centers, to complete the construction of new campuses and for general corporate purposes, including potential acquisitions.
ChinaEdu Chairman and Chief Executive Julia Huang was previously a senior manager at Ernst & Young Management Consulting Group in New York. She has also served as a project manager at Merck & Co.
Bear Stearns is serving as the IPO's lead underwriter. Piper Jaffray and CIBC World Markets are also underwriting the offering.
The underwriters have an option to buy up to about 1 million additional ADS from the company and some of the selling stockholders to cover any overallotments.
ChinaEdu plans to list its shares on the Nasdaq Global Market under the symbol "CEDU."
Doing a quick victory dance then back to work, finding my next big Win!
Pick, Ill sit this weeks contest so someone else can get the glory, brb doing my victory dance
Wee I won the contest again 49%
told u dead cat bounce from .125, could get interesting
just weird seeing some one else holding my 400%+ baby.
I guess i still have post number 1 for bragging rights
cheers
now if only that happened to the white house.
Frenchee For president
Board looks Great sorry, i guess i was just the first post. Who was the previous mod, well glad your on top of it now.
happy hooooolidays
Frenchee what happened I been sleeping and wasnt i the mod of this board, did you kick me for sleeping.
im holding free shares long from the 4 dollar area, i took some profits when near 17 and holding my profits in shares holding , barely even look at it. Just holding it seeing if they can execute in 08.
wow your gone till new years?
Hey PickN who won this week?
Ldk monster at the end should gap mon
Yeah see what today brings, 14 would be key break
patience with the right stocks is key
yeah its moved up since 9,
but was jsut saying it was ready to head back up again, and wahlah, it did,
took some profit higher
this is one of the favorite stocks here, we been on it since ipo
remember it hit 27
Rch I heart the Winners circle
Rch go break that top band shorts better cover before close, thye know that
RCH moving back to test 14
?
could be then 27 weeeeeee
Rch looking good
remember this one
Yeah rogers looks good trying to get some
moving up a bit
=]
Ldk watching for a bounce
what did i tell u about cpst, and Newyork Welcome
OT tower lol, aint life a beeetch
yeah tsl went 20+ since my 34 alert post, been great for me
whats next?
yeah called that my self at 3.56 nice bounce eod. I posted Tsl @ 34 that peaked up for a whopping 20. So been a great few weeks
except the little one with de-listment all has been good.
sorry been in and out all day,
i just meant business is still going on
shoot ill even say it
should dead cat bounce, the way i see it and might be wrong about the rules, but this is not a bk, so shorts might have to cover before exchange move.
now will see, you never know
No only in small, chance i took, but i think its far from over.
Doesn't mean it still cant merger or buyout candidate.
Very least should see some kind of bounce.
just because no nyse
doesnt mean its over
yep tsl up 14+ from where i alerted it $$$$$$$
8 days or so, bottom line is a little good news could go a real long way there.
just sitting back watching waiting.
just found this board and added it
hope all is kopesetic
always comes back to the gold in the hills