Grand Canyon Trims IPO Price

Schachter, Ken
November 2008
Red Herring;11/19/2008, p6
Trade Publication
The article reports that the price range of Grand Canyon Education's initial public offering (IPO) has been cut to $12-$14 per share. This reduced the deal size from about $178.5 million to $136.5 million. The 10.5 million-share deal was underwritten by bankers led by Credit Suisse and Merrill Lynch and had an original price range of $18 to $20 per share. Grand Canyon's backers include Endeavour Capital and Significant Partners.


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