Live IPO - Openlearning Ltd.
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OpenLearning Ltd (ASX: OLL) develops and operates an online education platform (OL Platform) on a SaaS business model. The OL Platform can be utilised by providers globally, however OpenLearning‘s primary customers are education providers based in Australian and the South East Asian markets (primarily Malaysia). OpenLearning has organically attracted education providers in other markets, including Singapore, United States, United Kingdom and Canada.
Since incorporation, the Company has enabled education providers to deliver over 7,953 online Courses to over 1.65 million registered users in 165 countries. OL Group is now executing the next phase of its strategy, scaling SaaS revenue by leveraging its brand, data and partnerships to achieve first of its kind network effects for a SaaS business.
The OL Platform is a turn-key solution that delivers both accredited and non-accredited courses and degrees entirely online without specialised IT knowledge while also increasing the quality of learning and teaching by following the platform’s project based, social learning approach. OpenLearning differentiates itself from its competitors by its business model (SaaS rather than revenue share), platform design, functionality and geography.
Pay By: Nov 22nd
List Price: $0.20
Minimum Investment: $2,000
Raising: Up to 8M
Lead Manager: Canaccord Genuity
