Future Education registers $20.3 million for initial public stock sale

Wellington is the bookrunner; proceeds fund acquisitions, development

By Devika Patel

Knoxville, Tenn., June 12 – Future Education Group Inc. will conduct an initial public offering of its common stock with a 60-day greenshoe, according to a Form S-1 filed Friday with the Securities and Exchange Commission. The company has registered up to $20.3 million of stock.

Wellington & Shields Co., LLC is the bookrunner.

Proceeds will be used for acquisitions, development of the company’s online educational platform, business expansion, working capital and other general corporate purposes.

The educational media content provider is based in Beijing. The company intends to list its common stock on the Nasdaq under the symbol “FEG.”

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