Bridgepoint Education Prices Initial Public Offering and Lists on New York Stock Exchange
April 15 2009 - 12:27AM
PR Newswire (US)
SAN DIEGO, April 15 /PRNewswire/ -- Bridgepoint Education today
announced the pricing of its initial public offering of 13,500,000
shares of its common stock at $10.50 per share. The offering
included 3,500,000 shares offered by Bridgepoint Education and
10,000,000 shares offered by selling stockholders. Bridgepoint's
common stock will commence trading on the New York Stock Exchange
on April 15, 2009, under the ticker symbol "BPI." Warburg Pincus
Private Equity VIII, L.P. has granted the underwriters a 30-day
option to purchase up to 2,025,000 shares of common stock at the
initial public offering price to cover over-allotments, if any.
Credit Suisse Securities (USA) LLC and J.P. Morgan Securities Inc.
acted as joint book-running managers of the offering. William Blair
& Company, L.L.C., BMO Capital Markets Corp., Piper Jaffray
& Co., and Signal Hill Capital Group, LLC, acted as co-managers
for the offering. A copy of the final prospectus may be obtained
directly from: Credit Suisse Securities (USA) LLC Prospectus
Department One Madison Avenue 1B New York, NY 10010 (800) 221-1037
J.P. Morgan Securities Inc. Prospectus Department 1 Chase Manhattan
Plaza, Floor 5B New York, NY 10081 (212) 552-5164 This press
release does not constitute an offer to sell or a solicitation of
an offer to buy the securities in this offering, nor shall there be
any sale, offer or solicitation of these securities in any state or
jurisdiction in which such sale, offer or solicitation would be
unlawful. About Bridgepoint Education Bridgepoint Education's
postsecondary education services focus on offering associate's,
bachelor's, master's and doctoral programs in the disciplines of
business, education, psychology, social sciences and health
sciences. Bridgepoint Education's regionally accredited academic
institutions - Ashford University and University of the Rockies -
deliver their programs online as well as at traditional campuses
located in Clinton, Iowa, and Colorado Springs, Colorado,
respectively. DATASOURCE: Bridgepoint Education CONTACT: Diane
Salucci, Vice President Corporate Communications and Investor
Relations of Bridgepoint Education, +1-858-668-3690, Web Site:
http://www.bridgepointeducation.com/
Copyright