The Laureate Education Plans $536 Million IPO for February 1st (LAUR)

The Laureate Education Plans $536 Million IPO for February 1st (LAUR)

Laureate Education (LAUR) expects to raise $536 million in an IPO on Wednesday, February 1st. The company plans to issue 29,000,000 shares at $17.00-$20.00 per share.

In the last twelve months, Laureate Education generated $4.2 billion in revenue and $313.9 million in net income. The company has a market cap of $2.5 billion.

Credit Suisse, Morgan Stanley, Barclays, Macquarie Capital, J.P. Morgan, BMO Capital Markets, Citigroup, KKR and Goldman Sachs served as the underwriters for the IPO and Baird, Barrington Research, Piper Jaffray, Stifel, William Blair, Bradesco BBI and BTG Pactual were co-managers.

Laureate Education provided the following description of their company for its IPO: “We are the largest global network of degree-granting higher education institutions, with more than one million students enrolled at our 88 institutions in 28 countries on more than 200 campuses, which we collectively refer to as the Laureate International Universities network. We participate in the global higher education market, which is estimated to account for revenues of approximately $1.9 trillion in 2015, according to GSV. We believe the global higher education market presents an attractive long-term opportunity, primarily because of the large and growing imbalance between the supply and demand for quality higher education around the world. “.

Laureate Education was founded in 1999 and has 67800 employees. The company is located at 650 S. Exeter Street Baltimore, Md 21202, US and can be reached via phone at (410) 843-6100 or on the web at http://www.laureate.net.

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