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.