Even in India, the Kota based private coaching tutorial institutes for IIT-JEE are planning to go for IPO.
What is the size of the Grand Canyon University IPO?
The Grand Canyon University IPO is expected to raise around $230 million USD from the IPO.
Where will the capital raised or IPO proceeds from Grand Canyon University IPO be used?
The money will be used to pay back original shareholders' loans and pay off bills, as well as for business expansion.
What are the business valuations and financial results of the Grand Canyon University?
The results and financial standings do not show a rosy picture. As per the news on BJ, Private investors purchased the university in 2004 when it was having financial difficulties, growing it from nearly 5,000 students to nearly 15,000 students today. Of those students, 12,497 are online and 2,2547 are in traditional classrooms, according to SEC documents.
For the year ended Dec. 31, 2007, Grand Canyon reported net income of $3 million on net revenue of $99 million, compared with $1.1 million in net income on $72 million in revenue for 2006.
From Feb. 2 (when it was purchased by investors) to Dec. 31, 2004, Grand Canyon lost $16.2 million on $25.6 million in revenue. By 2005, losses improved to $3.8 million on $51.8 million in revenue.
On April 15, Grand Canyon management paid $19.5 million to the former owner of the college, adding to an initial $3 million payment in October 2007, according to the filing. These were paid to resolve a dispute with the former owner.
Which ticker symbol will be used by Grand Canyon University IPO?
The listing of the common stock will be on the Nasdaq Global Market under the symbol "LOPE."
| No information is presently available about the price band or listing dates of the Grand Canyon University IPO. | Table of Contents |
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