US IPOs and Secondary Offerings, IPO Boutique

IPO Boutique

For more than 20 years, we have been providing research, analysis, commentary and ratings on US Equity Capital Markets to institutional investors (US IPOs and Secondary Offerings). Our vast network of contacts across the Equity Capital Markets and attention-to-detail sets us apart from our competitors.

Since 2012, we have achieved a successful hit rating on 89% of Buy-rated IPOs. The collective “Buy” ratings averaged a first trade of 16.3% above issue.Our Neutral Rated Deals averaged just 2% above the issue price at first trade.

Our written research includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

In addition, we provide a high-touch premium desk access which includes analyst access, as well as real time insights on US IPOs as well as secondary offerings.

US IPOs and Secondary Offerings

Phoenix Education Partners (PXED): Higher Education Company Sets Terms for IPO

Phoenix Education Partners (PXED): Apollo-Backed Education IPO Sees Cautious Demand

Phoenix Education Partners (PXED): A Private-Equity Backed IPO Defying 2025 Trends with Strong Debut

IPOs and Secondary Offerings

Equity Capital Markets

Phoenix Education Partners / Equity Capital Markets

<ul>
<li>In 2017, Apollo Global Management took the University of Phoenix’s parent company, Apollo Education Group, private in a deal valued at roughly $1.1 billion.</li>
<li>Their net revenue was $709.8 million and $749.8 million and their net income was $105.1 million and $116.4 million in the first three quarters of fiscal 2024 and 2025, respectively.</li>
<li>An IPO for Phoenix Education is set for the last week of September or potentially the first half of October.</li>
</ul>


In 2017, Apollo Global Management took the University of Phoenix’s parent company, Apollo Education Group, private in a deal valued at roughly $1.1 billion.
Their net revenue was $709.8 million and $749.8 million and their net income was $105.1 million and $116.4 million in the first three quarters of fiscal 2024 and 2025, respectively.
An IPO for Phoenix Education is set for the last week of September or potentially the first half of October.


Phoenix Education Partners (PXED): Peeking at the Prospectus of Next Higher Education IPO