3PL provides online education from kindergarten through to year 12 with it clearly in a very similar space to the Chinese peers which are under immense pressure. However we believe there remains a huge market for 3PL in the “free world” and following its $185m merger with leading EdTech platform Blake we see excellent prospects for the business moving into 2022 and beyond.
MM likes 3PL initially targeting ~20% upside
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