Global private school network Nord Anglia Education sets terms for $304 million IPO

By Renaissance Capital,

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Nord Anglia Education, a one of the world's leading operators of private schools teaching grades K-12, announced terms for its IPO on Tuesday. The Hong Kong-based company plans to raise $304 million by offering 19 million shares at a price range of $15 to $17. At the midpoint of the proposed range, it would command a market value of $1.5 billion. Nord Anglia Education, which was founded in 1972 and booked $370 million in sales for the 12 months ended November 30, 2013, plans to list on the NYSE under the symbol NORD. Nord Anglia initially filed confidentially on December 4, 2013. Credit Suisse, Goldman Sachs and J.P. Morgan are the joint bookrunners on the deal.

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This article appears in: News Headlines IPOs
Referenced Stocks: NORD

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