Phoenix Education Partners, the owner of the University of Phoenix, is launching its IPO, aiming to raise around $140 million by offering 4.25 million shares priced between $31 and $33 each. If successful, the company could be valued at $1.17 billion when it lists on the New York Stock Exchange under the ticker symbol PXED.
The University of Phoenix, founded in 1976, primarily provides post-secondary education services to working adults. The company’s predecessor, Apollo Education Group, was taken private in 2017 in a $1.1 billion deal led by The Vistria Group and Apollo Global Management. While Apollo Global is selling most of its shares, it will maintain majority voting control. Vistria Group is also selling a smaller portion.
Robinhood users can purchase shares at IPO prices before they hit the public market. To participate, open the Robinhood app, navigate to the IPO tab, and request your shares.
Invest in PXED on Robinhood
For more information, check out Finder’s guide on Phoenix Education stock. Stay updated with the latest market stories by subscribing to Market Briefing.
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Related stocks: How the sector’s leaders have done over the past year
Curious how related stocks have performed? Here are the top three by market cap:
- New Oriental Education (EDU): ~$8.25B market cap; -34.87% 1-year total return.
- TAL Education (TAL): ~$6.72B market cap; -2.82% 1-year total return.
- Stride (LRN): ~$6.03B market cap; +78.85% 1-year total return.
Source: Stock Analysis for related stocks. Google Finance for 12-month performance, accurate as of October 7, 2025.
