Gaotu Techedu is a Chinese-based technology-driven education company. The Company was founded in 2014 by Larry Xiangdong Chen with headquarters in Beijing, China. The Company went public in June 2019 and trades on the New York Stock Exchange (NYSE) under the ticker GOTU.
GOTU offers K-12 after-school tutoring courses covering various K-12 academic subjects like mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science.
The Company also offers foreign language courses comprising English, Japanese, and Korean, English test preparation courses for students taking post-graduate entrance exams, and professional courses. Furthermore, the Company provides personal interest courses like yoga, fashion, guitar, and Chinese calligraphy.
Gaotu Techedu also offers other courses, including offline business consulting courses to enhance management skills for principals and other officers of private education institutions, and operates Weishi, an interactive learning platform on Wechat.
Gaotu Techedu main competitors
- TAL Education Group
- The Academic Advantage
- THINK Together
- Club Z! 814
- Educomp Solutions
Gaotu Techedu key milestones
In June 2019, the Company raised $208 million during its Initial Public Offering on the New York Stock Exchange.
On December 7, 2020, GSX announced that specific investors agreed to purchase through a private placement a total of $870 million of newly issued Class A ordinary shares of the Company.
On August 6, 2020, GSX stock hit $131.27, which was the all-time price at the moment.
GOTU Frequently Asked Questions
Does GSX Techedu pay dividends?
Since going public, GSX Techedu has not paid any dividends.
Has GSX Techedu shares split?
Since going public, the company has not had a stock split.