My vision is to create value for each and every person who has partnered me in this noble of task of educating India. Harish Bajaj, Founder, Unfoldu Group
New Delhi, Delhi (PRWEB) September 17, 2017
Unfoldu Group Inc. (http://www.unfoldu.com) the leading online education company focusing on the Indian school education has began to trade its shares on the OTC Pre-Markets (http://www.otcpremarkets.com), a global pre-IPO stock exchange for emerging companies.
“The company is committed to develop a liquid market for its shares and I am hopeful to carve a sustainable online education company which will reward its shareholders at every stage of its growth. OTC Pre Markets will help us reflect our true value,” said Harish Bajaj, Co-founder of Unfoldu Group Inc.
Post listing on the OTC Pre-Markets, potential investors can now easily buy or reserve shares of the company directly on the platform before its planned listing on the OTC Markets or the NASDAQ stock exchange in the coming 18-24 months.
Any offering on the OTC Pre Markets platform will be conducted by relying on the safe harbor of Regulation S.
The share price of Unfoldu Group Inc. as of September 7, 2017 was trading at $3.34 with a market capitalization of $267.44 million or ₹2,171 crore. The live quote can be checked on http://www.otcpremarkets.com.
As per the OTC trading experts, the company may witness massive growth in its market capitalization due to the strong demand of online education content in India backed by increased internet speeds and availability of economically priced IT hardware.
“There is a massive demand for online education companies. This is one of the industry which can operate on very high operating margins due to the re-usable content, however, the challenge for this industry is to penetrate deeper into the markets and encourage users to adopt online way of education. The marketing cost for such companies is on a higher side but that ultimately boils down to the increase in the brand value which is phenomenal from the equity investment point of view,” said Thomas Hoff, a hedge fund manager who actively trades on the OTC Pre-Markets.
The company is proposing to raise $5 million or ₹33 crore to expand its operations in India and will begin approaching private investors by the year end. The company will soon begin its discussions with the investment banks.
Unfoldu Group Inc. has also committed a block of shares worth $7 million or ₹46 crore for the corporate social responsibility (CSR) purposes which will be donated to the trusts which own and manage schools in Punjab and Haryana. The schools who will encourage their students to adopt online way of education will receive CSR shares which can be used for further modification of school infrastructure.
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