Bridgepoint Education, which provides online postsecondary education programs, announced terms for its IPO on Wednesday. The San Diego, CA-based company plans to raise $203 million by offering 13.5 million shares at a price range of $14.00 to $16.00. Bridgepoint Education, which was founded in 2004 and booked $218.3 million in sales over the last 12 months, plans to list on the NYSE under the symbol BPI. Credit Suisse and J.P. Morgan are the lead underwriters on the deal, which is expected to price on April 14.
