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Monday, May 20, 2024

One on One raised more than $3 billion in IPO

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Education technology company One on One has raised more than $3 billion from over 15,000 applicants who are intrigued and excited over the potential of the company. Founder and CEO Ricardo Allen is probably pleased with the outcome which has outperformed various estimates.

This landmark achievement for the company was also marked the 100th active company to be listed on the JSE (Junior Stock Exchange) in its 53-year history.

It would also be the fifth Junior Market listing in 2022 and the sixth overall listing, excluding the Private Market after Massy Holdings Limited’s cross-listing on January 27.

One on One success was no surprise to me, the CEO seems energetic and has a lot of imagination about where to take the company. Execution so far has been tremendous and it has been reflected in what they achieved so far.

This is just the beginning of the company, which will prove to be pivotal in our region and probably in another hemisphere as the company grows and enters into different markets.

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