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Prepme charges around $300 to $500 for their lessons compared with Kaplan's lowest offering costing $400.
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So they went low, offering $160,000, and were surprised to be outbid.
There are still relatively few of them, and productivity in Japan's service sector is notoriously low, offering plenty of opportunities for start-ups.
The figures come after news last week that the U.S. jobless rate had fallen to a four-year low, offering a bright signal on the health of the world's biggest economy.
So far the company has had no luck finding a buyer even at such a low offering price.
Topically applied NSAIDs are able to achieve high concentrations within the targeted site of action while simultaneously keeping plasma concentrations low, offering several advantages over oral administration.
TalkTalk still remains Britain's lowest price, offering a saving of up to £184 a year in comparison to BT".
Companies like BoltBus and Megabus have gained popularity with their low fares, offering rides to Boston for as low as $1, for example.
Charles Schwab's Small Cap Index fund, for example, is a low-cost offering that tracks a proprietary stock index that includes the second-largest 1,000 companies.
After a low-key offering in December, Zynga shares have recently risen more than 40 percent.
Miller came upon the name of its low-calorie offering after buying Meister Brau, a Chicago brewery, in 1972.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com