Stock Offering

Phoenix Education Partners, Inc., parent company of the University of Phoenix, announced the pricing of its IPO at $32.00 per share on October 8, 2025. The offering comprises 4,250,000 shares of common stock. Trading is expected to begin under the ticker “PXED” on the NYSE on October 9, 2025. Morgan Stanley and Goldman Sachs are lead book-running managers. The IPO signifies investor confidence in online education and Phoenix Education’s strategic direction. The company, established in 1976, aims to further innovate in curriculum and technology to maintain its position in the sector.

Coinbase (COIN) announced the pricing of $1.3 billion each in 0% Convertible Senior Notes due in 2029 and 2032 through a private placement, exceeding initial expectations. Net proceeds are projected to be $2.56 billion, potentially rising to $2.96 billion if underwriters fully exercise their options. Coinbase intends to use the funds for general corporate purposes, including strategic investments and potential share repurchases. The notes are senior, unsecured obligations with conversion prices representing premiums over Coinbase’s August 5, 2025 closing price.

Absci (ABSI) announced the pricing of its public offering of 16,670,000 shares at $3.00 per share, expecting gross proceeds of $50 million. Underwriters have a 30-day option to purchase an additional 2,500,500 shares. Absci will use the funds for program advancements, platform investment, and general corporate purposes. Morgan Stanley, J.P. Morgan, Jefferies, and TD Cowen are managing the offering, expected to close around July 25, 2025.