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K-12 Students Foundational Learning Services Provider SPARK EDUCATION Files for $100 Million US IPO
2021-06-22

Esther Thin

Spark Education Ltd, a K-12 student's foundational learning services provider, has filed Form F-1 Registration Statement on June 21, 2021 with the U.S. Securities and Exchange Commission to raise up to $100 million IPO. Pricing terms are yet to announce.

The company’s foundational learning approach is designed to help students learn subject knowledge and develop a comprehensive set of lifelong skills and capabilities, such as creativity, critical thinking, and problem-solving, in an engaging, interactive environment.

The Beijing, China-based company was founded in 2018 and booked $230 million in sales for the 12 months ended March 31, 2021. It plans to list on the Nasdaq Global Market under the symbol “SPRK.” Credit Suisse, Citi, CICC, Futu Securities, and Tiger Brokers are underwriters of the IPO.

The company engages Davis Polk & Wardwell LLP as US Securities Counsel, and PricewaterhouseCoopers Zhong Tian LLP as Independent Auditor.

#ipo #Nasdaq #Spark #Education #learning #K12 #platform

 

 

 

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