openPR Logo
Press release

UnfoldU Undergoes Coin Split Ahead of Its IEO

08-26-2020 03:36 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Unfoldu Group

UnfoldU Group Forward Split, IEO On Charts

UnfoldU Group Forward Split, IEO On Charts

UnfoldU Group, the leading school online education company focused on India has undergone a coin forward split ahead of its Initial Exchange Offering (IEO) on the leading crypto exchanges. The company today announced that the management and the coin holders have approved the coin split and the same is put into immediate effect. The split happened in the ratio of 10 coins for every 1 held. The forward split has reduced the price of the coin by 90% without impacting the invested value or the market cap of the business. The management believes that the forward split will help retail coin holders to benefit, also the trading liquidity will increase due to the enhanced affordability of the coin.

UnfoldU (UNFLD) was trading at a price of US $3.44 (post-split) at the time of writing of this article. UnfoldU is targeting a larger coin holder base to enhance liquidity. UnfoldU Group has also confirmed that the company has started the process of IEO and is currently in talks with the sponsor to finance the costs related to the marketing and roadshows involved in the IEO. The company is targeting to raise the US $5-10 million to finance the expansion and the marketing costs related to the product and service.

The Corona Effect:

UnfoldU Group has clarified that the ongoing COVID pandemic has positively impacted the company. As per the company insiders, the COVID pandemic has forced a large student base to shift online. Almost all schools in India have moved online as the schools are shut from the last five months. The management believes that the new form of schools will emerge which will be fully online which will greatly benefit the rural areas where quality education still a bottleneck as the teachers often deny relocation to such areas.

“The lockdown has positively impacted our business, the parents have now become more aware of online education and even the students are enjoying the transformation from the classroom study to a fully home-based education system. We understand that schools play a vital role in student’s mental growth, but I firmly believe that for forever online education will become a vital way through which students will gain knowledge. In this lockdown phase, shifting online was not just a part of an expansion plan but it was more or less of a dire need to sustain the tough time,” said Harish Bajaj, Chairman, and CEO of UnfoldU Group.

The IEO Plan:

UnfoldU Group is targeting an IEO for the last few months, the company completed its preparation in November last year and was on verge of launching its offering when the COVID pandemic rocked the global businesses. UnfoldU is targeting to raise the US $50 million in its first round of initial offering. The placement will be completed through a mix of the public and private placement.

Competition in India:

UnfoldU is competing against players like Byju and Vedantu. Both the companies are well funded but are loss-making. Unfold, on the other hand, is targeting to play profitably by directly reaching the parents and students through a mixed marketing strategy. Under this strategy, both the parents and students will be able to try the product in the presence of a marketing agent. This strategy reduces customer conversion time.
UnfoldU is targeting an explosive growth and a tremendous value creation for its stakeholders.

Unfoldu Group Inc.
Postal Address: F-384,Sector-90, Sahibzada Ajit Singh Nagar, Punjab 140307
Press Contact: Neeru Arora

UnfoldU Group Ltd. is a BitLux OTC listed company (trading of tokenized digital shares) operating in the field of the online education industry. The parent company is based in the USA while the subsidiary offices are based in Canada and India.

The aim of establishing the company was to provide tuition replacement to students at nominal costs through online courses. Our motto is to facilitate well-researched study material to students at their doorstep so that they have a clear understanding of all the principles and basic concepts; and they do not need to go to expensive tuition and coaching centers for help.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release UnfoldU Undergoes Coin Split Ahead of Its IEO here

News-ID: 2121961 • Views:

More Releases from Unfoldu Group

UnfoldU Group Hires Perry Mercier To Raise US $10 Million
UnfoldU Group Hires Perry Mercier To Raise US $10 Million
UnfoldU Group, the India based school focused online education company has hired Singapore based Perry Mercier investment bank to raise US $10 million from the private investors. The funding will be raised from the high networth investors based in India, Singapore and the United Kingdom. The investment will be raised from the short term investors to sponsor the upcoming US $100 million Initial Exchange Offering (IEO) of UnfoldU which will be
Unfoldu Group Inc. Initiates CSR Activity
Unfoldu Group Inc., the leading school based online education company has initiated a bunch of corporate social responsibility (CSR) activities where it will support the India based states of Punjab and Haryana schools for their quantum leap into the digital education. The company is committed to develop an advanced technological platform without the active involvement of the Indian government. “We are committed to serve our country. Under the leadership of Narendra

More Releases for Unfold

The report by Zion Market Research on the global Liquid Smoke Market is an indispensable guide for positioning one's business in a highly competitive market landscape. The report is tailored according to our client’s needs and their current foothold in the market. The report is the compilation of analysis and deep assessment of industry experts and associated participants across the value chain. The prominent leaders in the market include Ruitenberg
The report published on the “Robot Software Market is LIKELY TO UNFOLD LUCRATIVE BUSINESS OPPORTUNITIES During The Forecast Period 2020-2026” by Zion Market Research facilitates a closer outlook on opportunities, revenue growth, and current market trends. The report is focused to offer qualitative and quantitative analysis of dynamics and market opportunities prevailing during the forecast period. Also, the report encompasses an in-depth study on the prominent leaders in the Robot
How will the Growth Unfold for Eye Health Products Market Leaders?
Hectic lifestyles and exposure to toxic materials can adversely impact the eyesight of people, which is why they are compelled to strive for a healthy vision. Growing need to maintain that perfect “20/20” eyesight has spiked the demand for eye health supplements. Prevalence of cataracts, macular degeneration, glaucoma and many other eye diseases is prompting people to get eye health supplements prescribed from their ophthalmologists. For visually-impaired people, eye specialists
How will the Growth Unfold Zein Protein Market by Top Prominent: Zein Products, …
The Global Zein Protein Market is likely to expand in the coming years, due to the increasing demand for plant based protein alternatives. According to a report by Fortune Business Insights, titled “Zein Protein Market Size, Share and Global Trend By Source Type (Conventional, Organic), Application (Food & Beverage Industry, Pharmaceutical, Cosmetics, Coating Agents) and Geography Forecast till 2026,” the market is likely to expand in the coming years due
How will the Growth Unfold for E-Book Market Leaders: McGraw-Hill, Wiley, Kensin …
E-books are electronic books or digitalbooks that consist of content in text, image and tabular form. E-books are published electronically and can be read on electronic devices like smartphones, e-book reader and tablets. They can be categorized into two parts - open source ones, whichusers can download freely and those for which users have to pay. Paide-books require special software and applications with the help of which they can be
How will the Growth Unfold for Polyols Market Leaders:Mitsubishi-Kagaku Foods, C …
Polyols are defined as sugar-free sweeteners, which are used in the same amount as sugar is used in food and beverage products. The chemical structure of polyols is partially sugar and alcohol thus, called as sugar alcohols. Different polyols available for use in food and beverage products include erythritol, sorbitol, maltitol, isomalt and others. Owing to demand for low calorie food and beverage products among consumers to overcome obesity, weight