"Phoenix Education Partners Goes Public with $136 Million IPO on NYSE"

"Simpson Thacher represented the underwriters, led by Morgan Stanley and Goldman Sachs, in the initial public offering of Phoenix Education Partners, which raised $136 million by selling 4,250,000 shares at $32.00 each. The shares are now listed on the New York Stock Exchange under the ticker "PXED." Phoenix Education Partners is the parent company of the University of Phoenix, known for its online education programs for working adults. The transaction closed on October 10, 2025."

Simpson Thacher represented the underwriters, Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC, in the initial public offering of Phoenix Education Partners, Inc. The transaction involved the sale of 4,250,000 shares of common stock by certain selling shareholders at a public offering price of $32.00 per share, raising $136 million in gross proceeds. The shares are now listed on the New York Stock Exchange under the ticker symbol “PXED,” and the transaction closed on October 10, 2025. The Simpson Thacher team included the following lawyers: Ken Wallach, Jessica Asrat, Ben Pittenger, Christopher Flynn, Max Totsky, and Adriana Hong from the Capital Markets practice; Gillian Emmett Moldowan and Courtney Thomson from Executive Compensation and Employee Benefits; Alexander Franchilli, Kate Mirino, and Chandler Gerard-Reimer from Intellectual Property; Jennie Getsin specializing in FINRA & Blue Sky; Michael Mann from Tax; Timothy Gallagher from Real Estate; Toby Chun and Deepa Sarkar from Environmental; Drew Kofsky from Labor; and Jeanne Annarumma from ERISA. Adriana Estor-Restrepo also provided valuable assistance.

"Phoenix Education Partners Goes Public with $136 Million IPO on NYSE"

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