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STG - IPO Update: Skillful Craftsman Proposes Terms For $15 Million IPO
Sunlands Online Education Group American Depositary Shares representing Class A
Quick Take
Skillful Craftsman Education Technology (NGJY) has filed to raise $15 million in an IPO of its ordinary share, per an F-1/A registration statement.
The company provides online vocational education services to students in China.
NGJY’s revenue growth trajectory has flattened, so until we gain more visibility into its revenue arc in a post-Covid19 pandemic China, so I'll be watching the IPO from the sidelines.
Company & Technology
Wuxi, Jiangsu Province, China-based Skillful was founded to provide primarily vocational education for a wide range of subjects including mechanics, electrical, auto repair