Core Viewpoint - Phoenix Education Partners (PXED.US) has successfully entered the U.S. stock market, with its opening stock price rising over 30% to $41.6, compared to its IPO price of $32 [1] Company Overview - Phoenix Education Partners is an online/adult education service provider primarily targeting working adults, offering bachelor's, master's degrees, and certificate programs through online courses [1] - The company's most significant asset is the University of Phoenix, a well-known for-profit university in the U.S. established in 1976, which provides online higher education courses [1]

Core Viewpoint - Phoenix Education Partners (PXED.US) has successfully entered the U.S. stock market, with its opening stock price rising over 30% to $41.6, compared to its IPO price of $32 [1] Company Overview - Phoenix Education Partners is an online/adult education service provider primarily targeting working adults, offering bachelor's, master's degrees, and certificate programs through online courses [1] - The company's most significant asset is the University of Phoenix, a well-known for-profit university in the U.S. established in 1976, which provides online higher education courses [1]

Core Viewpoint - Phoenix Education Partners (PXED.US) has successfully launched on the US stock market, with its opening stock price rising over 30% to $41.6, compared to its IPO price of $32 [1] Company Overview - Phoenix Education Partners is an online/adult education service provider primarily targeting working adults, offering bachelor's, master's degrees, and certificate programs through online courses [1] - The company's most significant asset is the University of Phoenix, a well-known for-profit university in the United States, established in 1976, which provides online higher education courses [1]

Core Insights - Phoenix Education Partners, Inc. (PXED), the parent company of University of Phoenix (UoP), has filed an amended S1 on September 30, detailing the pricing for its upcoming IPO scheduled for October 8 [1] Company Overview - Ariel Sokol, with over twenty years of experience in corporate finance, is highlighted as a key figure in the company. He founded Kolari Consulting, focusing on subscription and edtech businesses [1] - Sokol has held significant positions, including VP of strategy and finance at Pearson's Connections Education division, which provides online program management solutions [1] - His background includes experience as a Wall Street equity research analyst covering education, software, and media sectors at firms like UBS and Wedbush Securities [1]

Company Overview - The University of Phoenix is targeting a valuation of up to $1.2 billion in its U.S. initial public offering (IPO) after more than eight years [1] - The university provides post-secondary education services primarily to working adults in the U.S. and offers 72 degree-granting and 33 non-degree certificate programs [2][3] IPO Details - Existing stockholders of Phoenix Education Partners aim to raise up to $140.3 million by offering 4.25 million shares priced between $31 and $33 each [1] - Apollo Global is selling 3.55 million shares, while Vistria Group is offloading 0.7 million shares as part of the IPO [2] Historical Context - The predecessor of Phoenix Education, Apollo Education Group, was taken private in 2017 in a $1.1 billion deal by a consortium including Vistria and Apollo [4] - The university has exited non-core programs and divested some operations under the stewardship of Apollo and Vistria [4] Recent Developments - In 2023, a non-profit affiliated with the University of Idaho agreed to acquire the operations of the University of Phoenix for $550 million, but the deal was ultimately abandoned [5] - Apollo will maintain control of a majority of Phoenix Education's voting power after the IPO [5] Underwriters and Listing - Morgan Stanley, Goldman Sachs, BMO Capital Markets, and Jefferies are the lead underwriters for the offering [5] - Phoenix Education will be listed on the New York Stock Exchange under the symbol "PXED" [5]