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Premium Private Education Service Provider GOLDEN SUN EDUCATION GROUP Files and Set Terms for $23 Million US IPO
2021-05-11

Esther Thin

Golden Sun Education Group, a premium private education service provider, has filed Form F-1 Registration Statement on May 7, 2021 with the U.S. Securities and Exchange Commission to announce terms for its IPO.

The company plans to raise $23 million by offering 5 million shares at a price range of $4 to $5. Assuming a successful IPO at the midpoint of the proposed price, the company expects a market capitalization of $90 million.

The company has over 23 years of experience in providing educational services that focus on developing each of our student’s strengths and potential and promoting his or her life-long skills and interests in learning.

The Shanghai, China-based company was founded in 1997 and booked $14 million in revenue for the 12 months ended September 30, 2020. It plans to list on the Nasdaq Capital Market under the symbol “GSUN.” 1 Financial Securities is the underwriter of the IPO.

The company engages Hunter Taubman Fischer& Li LLC as US Securities Counsel, and Friedman LLP as Independent Auditor.

#ipo #nasdaq #GoldenSun #education #service #learning

 

 

 

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