{"id":2998,"date":"2017-09-21T10:23:18","date_gmt":"2017-09-21T14:23:18","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=2998"},"modified":"2017-09-21T10:23:18","modified_gmt":"2017-09-21T14:23:18","slug":"ryb-education-inc-ipo-preview","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/ryb-education-inc-ipo-preview\/","title":{"rendered":"RYB Education, Inc #IPO Preview"},"content":{"rendered":"

\"RYBEducationLogo\"<\/a><\/p>\n

Company: RYB Education, Inc.
\nSymbol: RYB
\nDescription: They are the largest early childhood education service provider in China, as measured by annual total revenues in 2016, according to the Frost & Sullivan Report.
\nShares: 7.8 million ADSs
\nRange: $16.00-$18.00
\nTrade Date: 9\/27
\nUnderwriter(s): Credit Suisse, Morgan Stanley
\nCo-Manager(s): CICC, BNP PARIBAS<\/p>\n

Link to S-1\/A Prospectus<\/a><\/strong><\/p>\n

Link to Retail Roadshow<\/a><\/strong><\/p>\n

Business<\/strong>: They are a pioneer in the early childhood education market in China and opened our first play-and-learn center in China in 1998. In their\u00a0nearly two decades of operating history, they have built the well-recognized \u00a0education brand and developed many education practices in China’s early childhood education industry, and our substantial growth was powered by their industry-leading curriculum development capability and teacher training system. As of June 30, 2017, their\u00a0nationwide teaching facility network covered 307 cities and towns in 30 provinces and municipalities in China.\u00a0Their business has grown continually. The total number of kindergartens and play-and-learn centers in operation in their network grew from 627\u00a0as of December\u00a031, 2014 to 1,108\u00a0as of June\u00a030, 2017.<\/p>\n

Financials:\u00a0<\/strong>Their net revenues increased from US$65.1\u00a0million in 2014 to US$82.9\u00a0million in 2015 and US$108.5\u00a0million in 2016. Their net revenues increased from US$49.1\u00a0million for the six months ended June\u00a030, 2016 to US$64.3\u00a0million for the same period of 2017. They recorded US$5.9\u00a0million net income in 2016 and US$1.3\u00a0million net loss in each of 2015 and 2014. Their net income increased from US$4.1\u00a0million for the six months ended June\u00a030, 2016 to US$4.9\u00a0million for the same period of 2017.<\/p>\n

\"RYBEducation.Financials\"<\/a><\/p>\n

Competition and Sector Performance: \u00a0<\/strong><\/p>\n