Laureate Education, the world's largest for-profit higher education company, raised $490 million by offering 35 million shares (all primary) at $14. The Baltimore, MD-based company originally planned to raise $537 million by offering 29 million shares $17 to $20. Top shareholder KKR (NYSE: KKR) intended to invest $50 million on the IPO (10% of the deal). Laureate Education plans to list on the Nasdaq under the symbol LAUR. Credit Suisse, Morgan Stanley, Barclays, Macquarie Capital, J.P. Morgan, BMO Capital Markets, Citi and Goldman Sachs acted as lead managers on the deal.
