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Phoenix Education Partners (NYSE: PXED) closed its initial public offering on October 10, 2025, after shares began trading on the New York Stock Exchange on October 9, 2025.
The offering comprised 4,250,000 shares at a public offering price of $32.00 per share, producing aggregate gross proceeds of approximately $136 million before underwriting discounts and commissions. All proceeds were received by the selling shareholders; the company did not receive offering proceeds.
Underwriters received a 30-day option to purchase up to 637,500 additional shares at the IPO price less discounts and commissions. Lead book-runners included Morgan Stanley and Goldman Sachs.
Phoenix Education Partners (NYSE:PXED) priced an initial public offering of 4,250,000 shares at $32.00 per share. The shares are being sold by existing shareholders, with a 30-day underwriter option to purchase up to 637,500 additional shares at the IPO price, less underwriting discounts and commissions.
Shares are expected to begin trading on the New York Stock Exchange under the ticker PXED on October 9, 2025, and the offering is expected to close on October 10, 2025, subject to customary closing conditions. A registration statement was declared effective by the SEC on September 30, 2025.