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U.S. Securities and Exchange Commission

Laureate looks for almost $500 million from IPO

Laureate looks for almost $500 million from IPO

Laureate Education, a Baltimore-based company that owns and operates universities around the world, said Wednesday it hopes to raise almost $500 million in its previously announced public offering of its stock.

The firm is selling 29 million shares in the initial public offering, with pricing expected to settle between $17 and $20, according to a filing with the Securities and Exchange Commission.

Laureate has been gearing up for an IPO for more than a year, with plans to use the proceeds to help pay down its more than $4 billion in debt. The firm also raised more than $300 million by selling preferred stock in a private offering last month, with a final portion of the deal...

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