Company Overview - Ruanyun Edai Technology Inc., known as Jiangxi Ruanyun Technology, is a software service provider focused on the K-12 education sector, planning to list on NASDAQ with an offering of 3.75 million shares priced between $4.00 and $5.00, aiming to raise approximately $21.56 million [1][2] - The company was founded in 2012 by Fu Yan and Zhao Cong in Nanchang, Jiangxi, after Fu completed her studies in computer science and business management in the United States [3] Product and User Base - Ruanyun Technology specializes in innovative teaching, learning, and assessment tools for the K-12 education system, with core products including SmartExam and SmartHomework, which leverage internet and AI technologies [3] - As of March 31, 2024, the company reported approximately 80,452 total users, including 20,177 paying premium users and 329,092 monthly active users, with over 15.1 million K-12 student users on its SmartHomework platform [3] Financial Performance - The company has experienced revenue growth from FY 2021 to FY 2022, but saw a decline in FY 2023 and FY 2024, with net profits showing continuous losses [4] - Despite financial challenges, Ruanyun Technology maintains competitive advantages such as deep integration with schools, a database with over 10 billion research data points, high-quality content, and an experienced management team [4] IPO Plans and Use of Proceeds - The funds raised from the IPO will be allocated to new product and service development, marketing, customer service, content creation, and cash reserves, as well as establishing two additional regional offices to support business expansion [4] - The IPO marks a significant step for the company in its ongoing efforts to deepen its presence in the K-12 education technology sector and enhance its market competitiveness [4]
软云科技纳斯达克敲钟，K-12教育软件IPO能否大放异彩？