Laureate Education Plans for $1 Billion IPO

Laureate Education Plans for $1 Billion IPO

NO RESTING ON LAURELS: Bloomberg reports that Baltimore, MD-based Laureate Education, the biggest for-profit college operator in the world with 84 universities around the world, is talking with banks in anticipation of a $1 billion IPO. As the reporters point out, for-profit colleges have been under fire after Corinthian Colleges was slapped with a $30 million fine, and declining enrollments at DeVry and the University of Phoenix (owned by Apollo Education Group). The IPO, which would value Laureate at around $5 billion, is not expected until 2016, according to Reuters.

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