Singapore parents place great emphasis on their children’s education. Besides the official curriculum in school, there is a thriving tuition industry in Singapore that is worth $1.4 billion.
Premium preschool is also gaining traction as parents strive to gain their kids a head start before entering primary school. Preschool class that costs upwards of $1,500 monthly is not unheard of.
MindChamps Preschool Ltd (SGX: CNE) is a major private premium preschool operator in Singapore. In this article, let’s take a closer look at its operations, global footprint, and earnings.
Business Overview
MindChamps started as an educational research centre in Sydney in 1998. It nurtures young children with a unique curriculum focusing on ‘Learning How-to-learn’ and ‘Champion Mindset’ co-developed with world-renowned neuroscientist, Professor Allan Snyder.
The group went public in 2017 by raising $49.2 million of IPO proceeds used for expansion and acquisition.
The company holds a 38.5% market share among the private premium preschools in Singapore,...