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Online education provider Bridgepoint Education files for an IPO

December 22, 2008
BPI

Bridgepoint Education, which provides online postsecondary degree programs in business, education, psychology and the sciences, filed for an IPO on Monday. The company has not yet filed terms, however, its peer Grand Canyon Education (LOPE) recently raised $126 million in a late November offering. LOPE is up 46% from its offer price as of December 22nd, 2008. Credit Suisse and J.P. Morgan are set to be the underwriters on the deal.