Phoenix Education Partners, which provides post-secondary education services under the name University of Phoenix, filed on Friday with the SEC to raise up to $100 million in an initial public offering. The company filed under the name AP VIII Queso Holdings, which it plans to change.
Through the University of Phoenix, the company provides post-secondary education, primarily to working adults seeking to advance their careers. The University currently offers 72 degree-granting and 33 non-degree certificate programs across a wide range of disciplines. For the fiscal year ended August 31, 2024, the Average Total Degreed Enrollment was 78,900, including 64,100 undergraduate and 14,800 graduate students.
The Phoenix, AZ-based company was founded in 1976 and booked $990 million in revenue for the 12 months ended May 31, 2025. It plans to list on the NYSE under the symbol PXED. Phoenix Education Partners filed confidentially on January 29, 2025. Morgan Stanley, Goldman Sachs, BMO Capital Markets, and Jefferies are the joint bookrunners on the deal. No pricing terms were disclosed.