Grand Canyon Education, which provides online degree programs in education, business and healthcare, cut its proposed range to $12 to $14, a -24% reduction from the midpoint of the previous range of $16 to $18. The company still plans to offer 10.5 million shares and its stock is expected to start trading Thursday on the Nasdaq under the ticker LOPE. Credit Suisse and Merill Lynch are acting as the joint lead managers on the deal.
