Bridgepoint Education Inc goes public below asking

Posted By: Admin | Posted In: Trending News |
April 15, 2009

Priced at $10.50 with a target $11-$14


Bridgepoint Education, which has two small traditional college campuses and 98% of its students attending exclusively online, generated more than twice the revenue and eight times the earnings in 2008 versus 2007, ending the year with $26.4 million in profits. It has more students, faster enrollment growth and a higher operating profit margin, at 15%, than the last online college that went public, Grand Canyon Education Inc.

Stock is up to $11.33 was as high as $11.68