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Online educational services company K12 prices at high end of range

December 12, 2007
LRN

K12, which offers proprietary curriculum, software and educational services created for online delivery to students in kindergarten through 12th grade, priced its 6 million share offering at $18, the high end of the expected range. The stock is expected to begin trading Thursday on the NYSE under the ticker "LRN". Morgan Stanley and Credit Suisse were the joint lead managers on the deal.