QuantaSing Group Ltd Successfully Listed on Nasdaq Global Market (NASDAQ: QSG)
Industry: Technology Education
Listing Date: 2023/1/25, NASDAQ
Funding Amount: 46 million USD
Partners: Tiger Brokers, Citigroup, CICC HK, CLSA, Univest Securities
Yangkang Asset assisted QuantaSing Group Limited (NASDAQ: QSG) in successfully issuing 3.25 million ADS shares through IPO in January 2023 (each ADS represents 3 ordinary shares), raising approximately 40.63 million USD at a price of 12.5 USD per ADS, demonstrating the competitiveness of Asia’s lifelong learning and lifestyle platform in the international capital market. QuantaSing operates adult education content including financial literacy, short video production, calligraphy, physical and mental health, and keyboard playing courses. It also provides corporate talent development and digital transformation services, building an educational ecosystem that covers both instructors and learners.
After fundraising, QuantaSing invested new capital to enhance online platform technology and course offerings, expanding dual-teacher live classes, community teaching, and one-on-one tutoring models to improve user experience and course conversion efficiency. Additionally, the company actively advances offline service extension, integrating adult education with broad lifestyle scenarios, and optimizes the enterprise-level brand “Others” segment, opening up further diversified revenue streams for the group.