MBMC News Flash: Wangban Technology (NetClass) has successfully gone public in the United States.
Recently, NetClass Technology Inc. (hereinafter referred to as NetClass Technology), the holding company of Shanghai NetClass Information Technology Co., Ltd., a B2B smart education expert based in Shanghai, has successfully listed on the NASDAQ in the United States, with its stock ticker being NTCL. It filed confidentially with the U.S. Securities and Exchange Commission (SEC) on June 22, 2022, and publicly disclosed its prospectus on March 28, 2023.
NetClass Technology offered 1.8 million shares at $5 per share, raising $9 million.
NetClass Technology prospectus link: https://www.sec.gov/Archives/edgar/data/1927578/000110465924128522/tm2416562d10_424b4.htm
NetClass Technology, as a leading B2B smart education expert, has offices in Shanghai, Hong Kong and Singapore, providing innovative IT solutions for schools, training institutions, enterprises,
public institutions and other organizations. The company's services include SaaS subscription services and application software development. Its solutions cover teaching
and campus management, online teaching, examinations, epidemic prevention, data storage, EDC (Educational Credit) blockchain system and lecturer evaluation services. The company's mission is to provide reliable,
high-quality products to drive sustainable growth for its customers. NetClass Technology was listed on the National Equities Exchange and Quotations (NEEQ) on September 21, 2015, with the ticker code 833587, and was delisted on June 27, 2018.
As of the closing on its first trading day (December 13, 2024), NetClass Technology (NTCL) closed at $5.00 per share, which was flat with the IPO offering price, with a current market capitalization of $87.8 million.
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