Four Seasons Education (Cayman) (FEDU) plans to raise $101 million in an initial public offering on the week of November 6th, IPO Scoop reports. The company will issue 10,100,000 shares at $9.00-$11.00 per share.

In the last twelve months, Four Seasons Education (Cayman) generated $25.5 million in revenue and $6.4 million in net income. Four Seasons Education (Cayman) has a market-cap of $476.4 million.

Morgan Stanley, Citigroup and China Renaissance served as the underwriters for the IPO.

Four Seasons Education (Cayman) provided the following description of their company for its IPO: “We are dedicated to providing high quality math education. In 2016 and the six months ended June 30, 2017, we were the largest after-school math education service provider for elementary school students in Shanghai, as measured by gross billings and number of students, according to the Frost & Sullivan Report. We have developed educational content to effectively drive outcomes for students of different ages, levels of aptitude and learning objectives. Our programs are primarily focused on math, but have expanded in recent years to also include other subjects such as physics, chemistry, languages and critical thinking. “.

Four Seasons Education (Cayman) was founded in 2014 and has 607 employees. The company is located at 5th Floor, Building C Jin’an 610, No. 610 Hengfeng Road, Jing’an District, Shanghai, PRC 200070 and can be reached via phone at +86 21 6317 8899 or on the web at http://www.sijiedu.com.

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