Phoenix Education Partners, Inc.

PXED

Market cap $1.34B

Phoenix Education Partners debuted strongly, with shares trading at compelling multiples despite the IPO being entirely secondary and not benefiting the company directly. The company boasts healthy topline growth, significant margin expansion, a strong balance sheet, and modest valuations, trading at less than 1x sales and 4–5x operating profits. The company targets adult learners with flexible, online degree programs, but faces sector-specific risks such as regulation, litigation, and political changes in student financing.

Six IPOs debuted this week, while two SPACs listed. Thirteen IPOs and five SPACs also submitted initial filings. No traditional IPOs are currently scheduled for the week ahead as the government shutdown continues to mostly pause new issuance.

PHOENIX--(BUSINESS WIRE)--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 g.

Phoenix Education Partners' shares rose 18.8% in their New York Stock Exchange debut on Thursday, valuing the University of Phoenix-owner at $1.35 billion.

PHOENIX--(BUSINESS WIRE)--Phoenix Education Partners, Inc. (“Phoenix Education” or the “Company”), the parent company of The University of Phoenix, Inc., announced today the pricing of its 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 are being offered by certain of the Company's existing shareholders (the “selling shareholders”). In connection with the offering, the selling shareholders have granted the under.

Six IPOs debuted this week, while seven SPACs listed, with eight IPOs submitted initial filings, including a handful of sizable issuers. While the US government shutdown complicates the start of the Q4 IPO market, two sizable offerings are lined up to price next week, as both made sure their registrations were declared effective by the SEC prior to the October 1st deadline. Street research is expected for seven companies in the week ahead, and six lock-up periods will be expiring.

Phoenix Education Partners, parent of the University of Phoenix, is launching an IPO at a deep discount to for-profit education peers. PXED is priced at just 3.7x EV/TTM EBITDA, compared to peer averages of 9-11x, suggesting significant upside potential if re-rated. Regulatory risks are muted under the current administration, and PXED's focus on B2B enrollments helps address 90/10 compliance concerns.

PHOENIX--(BUSINESS WIRE)--Phoenix Education Partners, Inc. (“Phoenix Education” or the “Company”), the parent company of The University of Phoenix, Inc., announced today the launch of its proposed initial public offering (“IPO”) of 4,250,000 shares of its common stock, all of which will be sold by certain of its existing stockholders (the “selling shareholders”). In connection with the offering, the selling shareholders have granted the underwriters a 30-day option to purchase up to an addition.

Six IPOs debuted this week, raising a combined $2.7 billion; ten IPOs and six SPACs submitted initial filings. The IPO market is taking a breather, with no deals currently scheduled for the week ahead, though some smaller issuers may still price. Street research is expected for 4 companies in the week ahead, and 5 lock-up periods will be expiring.

Phoenix Education Partners is growing revenue and profits, but topline growth is slowing, and gross margins have declined. The company has low debt and plans to pay a quarterly dividend, which is unusual for a private equity-backed IPO. Risks include high reliance on Title IV funding (88% of revenue), regulatory uncertainty, and private equity control post-IPO.