Visionary Education stock rebounds 20% amid college partnership news (NASDAQ:VEDU)

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Visionary Education Technology (NASDAQ:VEDU) stock soared nearly 20% on Thursday following news of a partnership with Canada’s Camosun College to provide educational services to Chinese students.

Shares of the Canadian Education Company opened at $1.51, recently changing hands at $1.76, up 19%, around 10:40 p.m. ET.

On Wednesday, Visionary said it had entered into a memorandum of understanding with Camosun, a public college based in British Columbia, to provide services to international students.

As part of the deal, Visionary’s Farvision unit will set up a preparatory school program in China where students can take Camosun classes for a year before enrolling at the college campus in Vancouver. After completing a degree program at Camosun, students may transfer to another BC post-secondary school to continue their education.

The Visionary shares have been volatile since making their market debut through a $17 million initial public offering on May 17, closing 525% higher than the offering price of $4 per month. stock. The shares plunged the following session and have been trading below their IPO price since May 20.

For more information on IPOs, see SA’s IPO News page.

About Barbara J. Ross

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