American education technology provider zSpace (ZSPC.US) plans to price its IPO at $4.5-5.5 per share, with the goal of raising $15 million.

US education technology provider zSpace has announced the terms of its initial public offering (IPO) for the first time. The company plans to issue 3 million shares of stock at a price of $4.5-5.5 per share, raising $15 million. The company plans to list on the Nasdaq with the ticker symbol "ZSPC". According to the information, zSpace provides augmented reality (AR) and virtual reality (VR) education technology solutions, currently focusing on the K-12 and Career and Technology Education (CTE) markets in the United States. Its proprietary hardware and software platform can provide interactive stereoscopic 3D learning experiences without the need for VR glasses. Currently, the company's K-12 platform is deployed in over 80% of the largest 100 K-12 public school districts in the US, while its CTE solution is deployed in approximately 73% of the public school districts it serves. Data shows that in the 12 months ending March 31, 2024, the company's revenue was $44 million.