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Ambow Education Holding Ltd. (AMEX:AMBO)intends to raise $6 million from the sale of ADSs representing Class A shares in a U.S. IPO, according to an amended registration statement. Ambow Education will be landing NYSE MKT, and IPO price range is 3.50-4.50.
Ambow Education Holding Ltd. mission is to provide Better Schools, Better Jobs and Better Life to their students. Ambow Education business addresses three critical demands in China’s education market: the desire for students to be admitted into top secondary and post-secondary schools, the desire for graduates of those schools to obtain more attractive jobs and the need for schools and corporate clients to optimizing their teaching and operating environment. It offers high quality, individualized services and products through their combined online and offline delivery model powered by its proprietary technologies and infrastructure.
Ambow Education Holding Ltd. has three business divisions, “Better Schools”, “Better Jobs” and “Others”, and four operating segments, which are K-12 schools, tutoring, career enhancement and others. Its K-12 schools and tutoring segments are within their Better Schools division and the career enhancement segment is within their Better Jobs division. The segment of Others represents the intellectualized operational services provided, and is classified under the Others division.
Ambow Education Holding Ltd. currently delivers its wide range of educational and career enhancement services and products through integrated offline and online channels in an interactive learning environment, powered by its proprietary technology platform. This platform enables it to provide individualized content and learning solutions tailored to each of its students’ needs, and to develop both standards-based and individualized curricula with consistent high-quality across its schools, tutoring centers, career enhancement centers, training offices and campus.
Ambow Education Holding Ltd. offers a variety of services and products to students, recent graduates, corporate employees and management in China. Their educational services cover K-12 programs and tutoring services that provide test preparation and tutoring programs, which are offered in its tutoring centers as part of their primary educational services and product offerings to help students enroll in better schools. Its K-12 schools also help to support their tutoring programs by providing a strong local brand name and reputation, local educational content expertise and potential student customers. In addition, Ambow Education offers international education programs, which are designed to prepare students to study abroad while specifically addressing the study needs in terms of both language and academics. Ambow Education’s career enhancement services, designed to assist students and graduates in obtaining better jobs, are offered through its dedicated career enhancement centers and training offices on campus, as well as through its online programs. Ambow Education’s corporate training services that are designed to improve employees and management’s soft skills, are typically offered in their training offices, the corporate clients’ offices or hotel conference centers. Furthermore, in order to support their educational and career enhancement services and product offerings, Ambow Education also provides a cloud-based learning engine to accommodate its students’ individual learning habits and enrich their learning experience.
Ambow Education Holding Ltd. recently launched intellectualized operational services business through IValley Beijing Technology Co. Ltd. (“IValley Beijing”). It initiated a new business to provide intellectualized operational services to corporate clients, colleges and universities. Its intellectualized operational services integrate electronic equipment and devices with software applications, data analytics and wireless technology to transform operational networks enhancing efficiency, lower costs and improving experiences. The services consist of advisory services such as design and architecture, implementation services such as hardware deployment and application development, as well as optimization services. The services aim to leverage smart technologies to enhance the management experience for facilities, lighting, security, and staff.
Ambow Education Holding Ltd. developed mobile applications for users to punch time clocks, open and close lockers, turn on and off office gates, lights, air conditioners, set up remote visual conferences and manage other office administrative services through the applications. It will proactively introduce their intellectualized operational services to more universities and colleges to provide students access to educational resources regardless of the location or device, increasing the potential for learning and teaching through cooperation with peers and experts worldwide and optimizing facilities to create a sustainable campus.
Ambow Education Holding Ltd. principal executive office is located at 12th Floor, Tower 1, Financial Street, Chang’an Center, Shijingshan District, Beijing 100043, People’s Republic of China. Their telephone number at this address is +86 (10) 6206-8000. Its registered office in the Cayman Islands is Walkers Corporate Limited, Cayman Corporate Centre, 27 Hospital Road, George Town, Grand Cayman KY1-9008, Cayman Islands. Its telephone number at this address is +1 (345) 949-8066. Its principal websites are www.ambow.com and www.ambow.com.cn. Its agent for service of process in the United States is C T Corporation System, located at 111 Eighth Avenue, New York, New York 10011.