Laureate Education eyeing $1B IPO: report - Technical.ly Baltimore

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Apr. 24, 2015 10:51 am

Laureate Education eyeing $1B IPO: report

It would be the for-profit higher education company's second try at going public.

Laureate world headquarters.

(Photo via Glassdoor)

Laureate Education is giving an IPO a second try, according to a report.

Sources tell Bloomberg that the Harbor East-based network of 84 for-profit colleges is talking to banks about a $1 billion initial public offering.

From the report:

The company, whose honorary chancellor is former President Bill Clinton, has been meeting with potential underwriters for an IPO that could value the education juggernaut at about $5 billion, said the people, who asked not to be named discussing private information.

Laureate Education was a spinout of Sylvan Learning Centers. The company was acquired in 2007 by an investment group for $3.8 billion. The company picked banks to lead an IPO in 2012, but the company remained private in the end.

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