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10/08/2025 – 08:19 PM
PHOENIX–(BUSINESS WIRE)–Phoenix Education Partners, Inc. (“Phoenix Education”), the parent company of The University of Phoenix, Inc., has announced the pricing of its initial public offering (IPO) at $32.00 per share. The offering consists of 4,250,000 shares of common stock offered by existing shareholders. Selling shareholders have granted underwriters a 30-day over-allotment option to purchase up to an additional 637,500 shares at the IPO price, less underwriting discounts and commissions. Trading is expected to commence on the New York Stock Exchange under the ticker symbol “PXED” on October 9, 2025, with the offering anticipated to close on October 10, 2025, pending standard closing conditions.
Morgan Stanley, Goldman Sachs & Co. LLC, BMO Capital Markets and Jefferies served as lead book-running managers for the offering. Apollo Global Securities and Truist Securities acted as joint book-running managers, with B. Riley Securities, Barrington Research, Loop Capital Markets, Academy Securities, Bancroft Capital and Siebert Williams Shank acting as co-managers.
A registration statement pertaining to these securities was previously filed with the U.S. Securities and Exchange Commission and declared effective on September 30, 2025. The offering is being conducted solely through a prospectus. This IPO marks a significant moment for Phoenix Education, signaling investor confidence in the future of online education and the company’s strategic direction under its current leadership.
This announcement does not constitute a sale offer, solicitation or sale of securities in any state or jurisdiction where such activity would be unlawful prior to registration or qualification under local securities laws.
About Phoenix Education Partners, Inc.
Phoenix Education Partners, Inc. is the parent company of The University of Phoenix, Inc., a long-standing player in online education tailored for working adults. Established in 1976, the University of Phoenix aims to provide accessible higher education, empowering students with the knowledge and skills needed to enhance their careers, contribute to their organizations, and engage in community leadership and service. While traditional universities grapple with adapting to digital learning, Phoenix Education Partners has a head start with its existing robust online infrastructure. The IPO could provide capital for further innovation in curriculum development, technology integration, and student support services, allowing the University of Phoenix to solidify its position in the increasingly competitive online education landscape.
The success of PXED’s IPO will likely be closely watched by other companies in the education technology sector, as it could set a precedent for valuation and investor appetite for online learning platforms. Furthermore, the IPO may raise questions about the future of for-profit education and its role in addressing the skills gap in the modern workforce. Factors influencing investor sentiment include the university’s student retention rates, graduate employment statistics, and overall brand reputation. As Phoenix Education embarks on this new chapter as a publicly traded company, it will face increased scrutiny and pressure to deliver consistent growth and value to its shareholders.
Source: Phoenix Education Partners, Inc.
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