Higher education provider Phoenix Education Partners (PXED.US) applies for US listing, plans to raise up to 100 million USD
According to Jinse Finance, Phoenix Education Partners, a U.S. higher education provider, filed an application with the U.S. Securities and Exchange Commission last Friday, planning to raise up to 100 millions USD through an initial public offering (IPO).
The company provides higher education services through the University of Phoenix, mainly targeting working adults seeking career advancement. The university currently offers 72 degree-granting programs and 33 non-degree certificate programs, covering multiple academic disciplines. For the fiscal year ending August 31, 2024, the average total degree enrollment was 78,900, including 64,100 undergraduates and 14,800 graduate students.
This Arizona-based company, headquartered in Phoenix, was founded in 1976. For the 12 months ending May 31, 2025, its revenue was 990 millions USD. The company plans to list on the New York Stock Exchange under the ticker symbol “PXED.” Phoenix Education Partners confidentially submitted its listing application on January 29, 2025. Morgan Stanley, Goldman Sachs, BMO Capital Markets, and Jefferies are the joint underwriters for this transaction. Pricing terms have not been disclosed.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US September CPI to be released tonight: Overall inflation may rise to 3.6%. Can slowing core inflation dispel the Federal Reserve's October rate hike expectations?
Although energy has driven overall inflation higher, cooling core inflation gives the Federal Reserve confidence to hold rates steady in October. Currently, there is an extreme divergence in pricing between the stock and foreign exchange markets: the stock market remains calm, while the forex market is turbulent beneath the surface. Tonight, one side is destined to face a rude awakening.
AI agents ignite a new battle in the payment industry! Bernstein: Visa (V.US), Mastercard (MA.US), etc. embrace new opportunities
Bernstein believes that as agent commercialization evolves, payments may become increasingly strategic, and the next major battle in the payment industry could soon begin.
Insurance funds become new sponsors for AI computing power: CoreWeave (CRWV.US) and other AI infrastructure financing collectively turn to insurance capital pools
CoreWeave plans to use insurance funds to finance its AI infrastructure, and co-founder McBee aims to secure an investment-grade rating for chip-backed debt. The company's financing this year has exceeded $35 billion.
Iron ore price drop and rising costs lead BHP (BHP.US) to lay off 300 workers at Western Australia mines
On October 14, BHP (BHP.US) announced the elimination of approximately 300 positions at its iron ore operations in Western Australia's Pilbara region, affecting the South Flank, Area C, Newman, and Jimblebar mines.
Crypto prices
More
