University of Phoenix Parent Set for NYSE Debut
Phoenix Education Partners, the parent company of the University of Phoenix, is set to make its debut on the New York Stock Exchange. The company plans to list its shares under the ticker symbol 'PXED'.
The Initial Public Offering (IPO) will consist of 4.2 million shares, priced between $31 and $33 each. At the midpoint of this range, Phoenix Education Partners is expected to raise up to $140.3 million. This would value the company at approximately $1.2 billion post-IPO.
The offering is a significant step for the company, marking its entry into the public market. It follows the company's filing for the IPO, which was recently made public.
Phoenix Education Partners' IPO is scheduled to take place on the New York Stock Exchange, with the company's shares trading under the ticker symbol 'PXED'. The offering is expected to raise a substantial sum, providing the company with additional capital for growth and expansion.
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