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Online educational services company K12 announces IPO terms

November 20, 2007
LRN

K12, which offers proprietary curriculum, software and educational services created for online delivery to students in kindergarten through 12th grade, plans to sell 6 million shares at a range of $16 to $18. Of the 6 million shares, 1.5 million are being sold by insiders. Morgan Stanley and Credit Suisse are the joint lead managers on the deal.