Phoenix Education Partners Announces Closing of Initial Public Offering
Phoenix Education Partners, Inc. (“Phoenix Education” or the “Company”), the parent company of The University of Phoenix, Inc., announced today the closing of its previously announced initial public offering (“IPO”) of 4,250,000 shares of its common stock, at a public offering price of $32.00 per share. The shares were offered by certain of the Company’s existing shareholders (the “selling shareholders”). In connection with the offering, the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 637,500 shares at the IPO price, less underwriting discounts and commissions. The shares began trading on the New York Stock Exchange under the ticker symbol “PXED” on October 9, 2025. The aggregate gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses paid by the Company, were approximately $136 million. The selling shareholders received all of the proceeds from the offering.
