Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, May 14, 2021

Article Excerpt

THINKIFIC LABS INC., $12.90, symbol THNC on Toronto, is the Vancouver-based provider of a software platform to help entrepreneurs and businesses create and sell online courses and other learning products. This includes tools to design and build websites to showcase and sell their courses. Recently, Thinkific also launched an app store for course creators. Developers can now create and sell custom applications through the store. Developers also receive 100% of the revenue earned through the sale of their apps for the first six months before paying fees to Thinkific. Founded in 2012, the company continues to grow its customer base. It now has more than 24,600 customers in over 165 countries. In December 2020, Thinkific surpassed 100 million total course enrolments on its platform. The company states that to date it has helped over 50,000 entrepreneurs and businesses earn over $650 million through online courses. On April 27, 2021, Thinkific launched its IPO when it sold 14.2 million shares of its stock at…

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