KED - Keypath Education International

[System]

Keypath is a leading education technology (EdTech) company that partners with universities globally, to deliver market-led, technology-enabled online higher education programs (online programs).

Supported by Keypath's end-to-end technology and data platform KeypathEDGE, Keypath partners with universities to design, develop, launch and grow online programs which aim to deliver career-relevant education to individuals seeking to up-skill or re-skill in an increasingly knowledge-based economy and to prepare them for the future of work.

Keypath is a trusted partner to 32 universities currently delivering 134 active programs to approximately 30,000 students globally.

Keypath has over 550 employees around the world operating in cities including Chicago, Melbourne, Sydney, Coventry and Toronto.

It is anticipated that KED will list on the ASX during June 2021.

Keypath Education | Unlocking greatness in educators, their students and our people | Keypath Education

Together let’s transform online education so we can transform the world. Collaborate with us to reimagine your online learning program selection, design and delivery.

keypathedu.com

 

[Dona Ferentes]

listed Wed 02 June after raising fresh capital at $3.71 .... and a bit of a fizzer, very subdued since hitting the boards. Now $3.50 ....

another screamer from Macquarie

Listing date	2 June 2021 11:00AM AEST ##
Company contact details	https://keypathedu.com/ Ph: +1 224 419 7988
Principal Activities	Education Technology
GICS industry group	TBA
Issue Price	$3.71
Issue Type	Ordinary Fully Paid Shares
Security code	KED
Capital to be Raised	$212,110,746
Expected offer close date	26 May 2021
Underwriter	Fully underwritten. Macquarie Capital (Australia) Limited (Underwriter/Lead Manager)

 

[dyna]

Over 5 million in volume went through the market, as one big investor bailed out at just $2.85... a 23% loss.
End of financial year not far off, so take the hit now ,I suppose.

 

[dyna]

Watching this one, now.Had to give up on that other Macquarie thing.
KED just updated its current fiscal year revenue of $US 91 Million in the prospectus, to $US 94 - $US 96 Million. SP creeping up to $ 3.55.

 

[Dona Ferentes]

and gone

Overview
➡ Keypath Education has entered into a definitive merger agreement with an affiliate of Sterling
Partners.
➡ Subject to the terms and conditions of the Merger Agreement, the Purchaser will acquire all the outstanding shares of Keypath common stock (underlying Keypath's outstanding CHESS Depositary Interests) not currently owned by Sterling Partners and its affiliates for AUD$0.87 cash per share
➡ The Transaction values Keypath at approximately AUD$186.8 million
➡ Certain management holders of CDIs will exchange their CDIs for shares in an entity affiliated with Sterling Partners instead of receiving the Transaction Consideration.

.... that 50 per cent TO premium is a mere blip compared to the losses from IPO.
Since listing:

 

[System]

On September 11th, 2024, Keypath Education International, Inc. (KED) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following the merger between KED and Karpos Merger Sub, Inc., an affiliate of Sterling Partners, becoming effective.