For-Profit Eduators on Watch as Nord Anglia (NORD) Files IPO (CECO) (ESI) (COCO)

For-profit schools are on watch Wednesday as a segment peer filed for an Initial Public Offering.

According to a Form F-1 submitted to the U.S. SEC on Tuesday night, international premium school operator Nord Anglia Education, Inc. (NYSE: NORD) is looking to tap public markets for further funding and growth. The company's tentative maximum price on the IPO is $300 million. As of February 16, 2014, the company had over 17,000 students, and in fiscal 2013 our average revenue per student was approximately $26,600.

Brief financial summary from the company and its filing: For the three months ended November 30, 2013, we had revenue of $135.1 million, profit for the period of $3.5 million and Adjusted EBITDA of $38.7 million. The compares with actual revenue of $89.1 million, profit of $7.3 million, and adjusted EBITDA of $25.7 million for the same period in 2012. For FY13, actual revenue was $323.7 million with loss of $23.3 million, from revenue of $274.4 million and loss of $37.4 million in 2012. Adjusted EBITDA in 2013 was $79.5 million, from $70.2 million in 2012.

Lower today are Corinthian Colleges (Nasdaq: COCO), Apollo Education (Nasdaq: APOL), Career Education (Nasdaq: CECO), ITT Educational (NYSE: ESI), and Strayer Education (Nasdaq: STRA), among others.

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