|Over a quarter ago|
17 Education & Technology initiated with an Overweight at Morgan Stanley » 08:3312/2912/29/20
Morgan Stanley analyst…
Morgan Stanley analyst Sheng Zhong initiated coverage of 17 Education & Technology with an Overweight rating and $20 price target. The company, which Zhong identifies as the largest provider of in-school services in China with 22M monthly active users, can achieve fast growth with lower customer acquisition costs by converting its in-school users into paying online after-school tutoring users, argues the analyst. Despite the fact that competition is becoming "extremely fierce" post-pandemic for the online K12 after-school tutoring group, Zhong projects 17 Education can grow revenue by 134% in 2021, the analyst added.
17 Education & Technology initiated with a Buy at Goldman Sachs » 04:5512/2912/29/20
Goldman Sachs analyst…
Goldman Sachs analyst Christine Cho initiated coverage of 17 Education & Technology with a Buy rating and $21 price target. 17 Education is the largest player in China for K-12 smart in-school classroom solutions in terms of number of schools covered, and one of China's leading online large-class after-school tutoring companies, Cho tells investors in a research note. The analyst believes the company should be able to grow paid enrollments "rapidly" at a relatively low student acquisition cost. She expects 67% annual revenue growth through 2025 and sees 50% upside in the shares over the next 12 months.
Opening Day: Kinnate Biopharma soars in trading debut » 08:5312/0612/06/20
YQ, SGTX, SEER, SBTX, KNTE, DCBO, FTCV, CAP, HTPA, SPFR, FPAC, BLK, ABNB, DASH, AFRM, RBLX, HOMS
Shares of Kinnate…
17 Entertainment opens at $10.50, IPO priced at $10.50 per share 11:0012/0412/04/20
17 Entertainment indicated to open at $10.50, IPO priced at $10.50 10:5412/0412/04/20
17 Entertainment indicated to open at $11, IPO priced at $10.50 10:1112/0412/04/20
17 Entertainment indicated to open at $13.65, IPO priced at $10.50 » 10:0012/0412/04/20
17 Entertainment (YQ)…
17 Entertainment (YQ) priced 27.4M shares at $10.50. The deal range was $9.50-$11.50. Goldman Sachs, Morgan Stanley and BofA acted as joint book running managers for the offering.
17 Entertainment 27.4M share IPO priced at $10.50 » 09:0912/0412/04/20
The deal range was…
The deal range was $9.50-$11.50. Goldman Sachs, Morgan Stanley and BofA acted as joint book running managers for the offering.