{"id":4040,"date":"2018-03-23T10:31:21","date_gmt":"2018-03-23T14:31:21","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=4040"},"modified":"2018-03-23T10:31:21","modified_gmt":"2018-03-23T14:31:21","slug":"onesmart-international-education-group-ipo-preview-one","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/onesmart-international-education-group-ipo-preview-one\/","title":{"rendered":"OneSmart International Education Group #IPO Preview ($ONE)"},"content":{"rendered":"

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

Company: OneSmart International Education Group Limited<\/strong>
\nSymbol: ONE
\nDescription: They are the largest premium K-12 after-school education service provider in China in terms of revenue in 2016 and 2017, according to Frost & Sullivan.
\nTrade Date: 3\/28
\nShares: 16.3 million ADS
\nPrice Range: $11.00-$13.00
\nUnderwriter(s): Morgan Stanley, Deutsche Bank Securities, UBS Investment Bank
\nTerms Added: 3-16-18<\/p>\n

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

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

Business<\/strong>:\u00a0They have built a comprehensive K-12\u00a0after-school education platform that encompasses their acclaimed premium tutoring services, premium young children education services and language and culture programs. In 2017, they had the largest market share of 2.4% in China’s premium K-12\u00a0after-school education market, as measured by revenues, according to Frost\u00a0& Sullivan. They operated a nationwide network of 225\u00a0study centers across 42\u00a0cities in China as of November\u00a030, 2017. They have maintained large and fast growing student enrollment over the years. Their average monthly enrollments for the fiscal years ended August\u00a031, 2015, 2016 and 2017, and for the three months ended November\u00a030, 2017 were 40,743, 56,019, 76,841 and 83,504, respectively.<\/p>\n

Financials:\u00a0<\/strong>As a result of their trusted brand, effective education service, and technology-supported and highly standardized management systems, their business has grown rapidly in recent years. Their net revenues increased from RMB1.1\u00a0billion to RMB1.5\u00a0billion, and to RMB2.1\u00a0billion (US$311.3\u00a0million) in the fiscal years of 2015, 2016 and 2017, respectively. Their net revenues increased from RMB326.9\u00a0million for the three months ended November\u00a030, 2016 to RMB441.2\u00a0million (US$66.8\u00a0million) in the same period in 2017. Their net income increased from RMB56.1\u00a0million to RMB186.8\u00a0million, and to RMB243.3\u00a0million (US$36.8\u00a0million) in the fiscal years of 2015, 2016 and 2017, respectively. They had net loss of RMB0.1 million for the three months ended November\u00a030, 2016 and net income of RMB18.1\u00a0million (US$2.7\u00a0million) in the same period in 2017.<\/p>\n

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

Book-Building Status<\/strong>: The way the book comes together during the week of the roadshow is the most critical indicator to first-day and first-week performance. IPO Boutique uses its 45 years of experience and sources all over the street to gather daily subscription levels, specific price guidance and what type of investors are currently in the book or are anchoring orders in the book. In addition, recent underwriter performance on sector specific deals is a strong factor that IPO Boutique takes into account when determining if our clients should indicate for any offering.<\/p>\n

IPO Boutique subscription clients receive daily updates on this critical information.<\/span><\/a><\/p>\n

Conclusion<\/strong>: IPO Boutique provides ratings, daily commentary and a forecast for how this IPO will open vs. its offering price. We have kept a\u00a0track record<\/span><\/a>\u00a0with our performance for last 12 years at our website. Additionally, here’s a 2017 recap of our performance<\/a>\u00a0to showcase the value of IPO Boutique’s service.<\/p>\n

Indicate with confidence,\u00a0<\/b>SUBSCRIBE<\/b><\/a>\u00a0today.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Company: OneSmart International Education Group Limited Symbol: ONE Description: They are the largest premium K-12 after-school education service provider in China in terms of revenue in 2016 and 2017, according to Frost & Sullivan. Trade Date: 3\/28 Shares: 16.3 million ADS Price Range: $11.00-$13.00 Underwriter(s): Morgan Stanley, Deutsche Bank Securities, UBS Investment Bank Terms Added:[…]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[24],"tags":[1486],"class_list":["post-4040","post","type-post","status-publish","format-standard","hentry","category-ipo","tag-one"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=4040"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4040\/revisions"}],"predecessor-version":[{"id":4043,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4040\/revisions\/4043"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=4040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=4040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=4040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}