Edtech Business

Laureate Education Returns to Public Trading

Oct 5, 2015

LAUREATE EDUCATION, the largest U.S.-based for-profit college chain, has announced that it will once again become a publicly-traded company. The privately-held company was publicly traded before 2007, when a group of investors led by CEO Douglas L. Becker bought the company in a $3.8 billion dollar deal.

The announcement comes bundled with another restructuring: Laureate will become a public benefit corporation. The reclassification means that Laureate will remain a for-profit corporation, but will also be legally permitted to focus on initiatives that do not directly boost its profits. The company said in a written statement that it intends to help its international students overcome barriers to higher education.

Edtech Business

Laureate Education Returns to Public Trading

Oct 5, 2015

LAUREATE EDUCATION, the largest U.S.-based for-profit college chain, has announced that it will once again become a publicly-traded company. The privately-held company was publicly traded before 2007, when a group of investors led by CEO Douglas L. Becker bought the company in a $3.8 billion dollar deal.

The announcement comes bundled with another restructuring: Laureate will become a public benefit corporation. The reclassification means that Laureate will remain a for-profit corporation, but will also be legally permitted to focus on initiatives that do not directly boost its profits. The company said in a written statement that it intends to help its international students overcome barriers to higher education.

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