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.
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