Education Management Corp., a for-profit provider of post-secondary education, has hit the IPO market once again (the first public offering was in the mid 1990s). This time, the company has issued 20 million shares at $18 per share. The price range was $18 to $20.Education Management owns 92 schools across the country, including organizations like the Art Institute of Pittsburgh, Brown Mackie Colleges and Argosy University. In all, there are about 111,000 students.
Interestingly enough, Education Management went private back in June 2006, in a $3.4 billion deal. The private equity sponsors included Goldman Sachs (NYSE: GS) and Providence Equity.
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