(Reuters) -Phoenix Education Partners, backed by alternative asset manager Apollo Global Management, on Friday filed for an initial public offering in the United States. The Phoenix, Arizona-based company joins a growing number of large corporate issuers gearing up for potential IPOs this fall, as the new listings market is set to emerge from its seasonal […]
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Apollo-backed Phoenix Education Partners files for US IPO
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(Reuters) -Phoenix Education Partners, backed by alternative asset manager Apollo Global Management, on Friday filed for an initial public offering in the United States.
The Phoenix, Arizona-based company joins a growing number of large corporate issuers gearing up for potential IPOs this fall, as the new listings market is set to emerge from its seasonal August lull.
Certain existing Phoenix Education stockholders will sell shares in the offering.
Morgan Stanley, Goldman Sachs, BMO Capital Markets and Jefferies are the lead underwriters for the offering. Phoenix Education will list on the New York Stock Exchange under the symbol “PXED”.
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Vijay Kishore)