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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