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NEW YORK - Phoenix Education Partners, Inc., the parent company of The University of Phoenix, Inc., has priced its initial public offering at $32.00 per share, the company announced in a press release statement. The education provider enters the public markets with strong fundamentals, generating $990 million in revenue and maintaining a healthy 56.57% gross profit margin over the last twelve months.
The offering consists of 4,250,000 shares of common stock being sold by existing shareholders. The underwriters have been granted a 30-day option to purchase up to an additional 637,500 shares at the IPO price, less underwriting discounts and commissions. InvestingPro analysis reveals the company maintains strong liquidity with a current ratio of 1.98, indicating robust financial health as it enters public markets.
The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol NYSE:PXED today, with the offering scheduled to close on Friday, subject to customary closing conditions.
Morgan Stanley, Goldman Sachs & Co. LLC, BMO Capital Markets and Jefferies are serving as lead book-running managers for the offering, while Apollo Global Securities and Truist Securities are acting as joint book-running managers. Several other firms including B. Riley Securities, Barrington Research, and Loop Capital Markets are serving as co-managers.
Phoenix Education Partners is the parent company of The University of Phoenix, which was founded in 1976 as an online education provider for working adults. According to InvestingPro data, the company has demonstrated profitability with $192.96 million in EBITDA over the last twelve months. InvestingPro subscribers have access to additional key metrics and insights about this newly public company.
The registration statement for this offering was declared effective by the U.S. Securities and Exchange Commission on September 30, 2025.
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