GSX Techedu IPO: Reasonable Valuation
GSX Techedu (GSX US) is an online education provider in China with expertise in online K-12 courses. It announced its IPO price range of...
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GSX Techedu (跟谁学) IPO Review - Profitable Online Education Company
GSX Techedu (GSX US) looking to raise up to US$228m in its upcoming IPO. We have previously covered the IPO in: GSX Techedu (跟谁学) IPO Early...
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K12 After-School Tutoring Services: China’s Best Consumption Story
In this note, we present our long investment thesis on the leading provider of China’s K12 tutoring service, Tal Education (TAL US) with a top-down...
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Koolearn (新东方在线) Trading Update - A Wobbly Start
Koolearn (1797 HK) raised about US$214m at HK$10.20 per share, the mid-point of its IPO price range. We have previously covered the IPO...
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Koolearn: Marketing Expenses Have Taken Operating Profits Down the Drain
Koolearn updated its IPS prospectus and posted operating losses for 1H2019 (ended Nov. 2018). The company spent significantly on online promotion,...
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