Hong Kong-based LZYE Group has joined Aim and the share price ended the first day at a 25% premium.
As part of the flotation LZYE raised £1.5m at 8p a share, which valued the children’s educational and activity packages provider at £19m. The share price increased to 10p.
Chinese parents are keen to buy LZYE’s services for their children and the company generates monthly income of HK$1.6m. Subjects offered include languages, maths, science, theatre, music and dance.
Mainland China will be the focus of growth and it will grow via a partnership with Misulo, which will convert 12 of its existing sites to the LZYE brand.
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