Phoenix Education Partners Inc. (NYSE: PXED), the parent company of the University of Phoenix, successfully re-entered the public market today with a strong debut on the New York Stock Exchange. The online education provider’s initial public offering (IPO) was priced at $32.00 per share, landing at the midpoint of its anticipated range. This strategic move saw shares climb an impressive 18.8% on their first day of trading, propelling the company’s valuation to an impressive $1.35 billion. This highly anticipated return to public markets follows eight years of private ownership and underscores a revitalized model for online, career-focused learning.
