Genius Group, which provides online and in-person entrepreneur education services, raised $20 million by offering 3.3 million shares at $6, the high end of the range of $5 to $6. The company originally planned to raise $40 million by offering 7.3 million shares at that range, before cutting the share offering by 55% in late March.
Genius Group is an entrepreneur education technology company with approximately 1.9 million students in 191 countries spanning all age groups. The company aims to provide students with leadership, entrepreneurial, and life skills. Genius Group booked $9.5 million in revenue for the 12 months ended June 30, 2021.
Genius Group plans to list on the NYSE American under the symbol GNS. Boustead Securities acted as sole bookrunner on the deal.
Genius Group is a business person schooling innovation organization with around 1.9 million understudies in 191 nations spreading over all age gatherings. The organization intends to furnish understudies with authority, innovative, and fundamental abilities. Virtuoso Group booked $9.5 million in income for the a year finished June 30, 2021.
Virtuoso Group, which gives on the web and in-person business visionary instruction administrations, raised $20 million by offering 3.3 million offers at $6, the high finish of the scope of $5 to $6. The organization initially intended to raise $40 million by offering 7.3 million offers at that reach, prior to cutting the offer contribution by 55% in late March.