According to people familiar with the matter, edtech company BYJU’S plans to list its subsidiary Aakash Educational Services in the first half of next year.
Aakash might be valued at $3.5 to $4 billion after the initial public offering (IPO), which could be in the $1 billion range. The edtech company plans to submit an IPO application to India’s market regulator in January, but it won’t plan to list until June or the first half of FY24. According to the report, while BYJU wishes to be listed in the United States, this may not happen until Aakash is. The spokesperson claims that since being acquired by the edtech decacorn, Aakash has increased by more than 100%.
