SkillLane Technology Public Company Limited, also known as SkillLane, has submitted a filing to the Securities and Exchange Commission (SEC) to prepare for its initial public offering (IPO) to the public. The stock abbreviation for trading will be SKILL.
According to the filing, SkillLane operates two main types of businesses: an online learning platform for general customers, corporate clients, and online degree programs. Additionally, they provide consulting services and innovate in the education sector.
SkillLane offers over 3,900 online courses covering a wide range of subjects and adds more than 700 new courses annually. They also provide a comprehensive online hour collection system for license application or renewal for professional licenses in the insurance industry by the Office of the Insurance Commission (OIC) and investment professionals by the Securities and Exchange Commission (SEC).
In the fiscal year 2023, SkillLane reported total revenue of 236.58 million baht, with almost half coming from corporate clients, and a net profit of 30.70 million baht.
SkillLane plans to offer 15% of its total shares in the IPO, with the price and date of listing yet to be determined.
TLDR: SkillLane, a tech company, is gearing up for its IPO, offering shares to the public and showcasing its diverse online learning platform and consulting services with impressive financial performance.
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