Bridgepoint Files for Rare IPO

Going public in the middle of a recession might turn out to be good timing for San Diego-based Bridgepoint Education, because laid-off employees tend to go back to school for retooling. The private education provider, which offers online classes to 98 percent of its students, disclosed plans to sell 13.5 million shares through an IPO that could raise between $190 million and $216 million. According to PEHub, Bridgepoint’s shares are set to be priced on April 14, and the stock will begin trading the following day on the New York Stock Exchange.

Bruce V. Bigelow was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Follow @bvbigelow

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