UPDATE: Laureate Education (LAUR) Files for $100M Common Stock IPO

Laureate Education, Inc. filed for an IPO of its Common Stock with a proposed maximum offering price of $100 million. The company plans to trade under the symbol, "LAUR."

Underwriters on the offering are Credit Suisse, Morgan Stanley, Barclays, J.P. Morgan, BMO Capital Markets, Citigroup, KKR, and Goldman, Sachs & Co.

Brief financial commentary: "We have generated compound annual growth rates ("CAGRs") in total enrollment and revenues of 12.2% and 12.2%, respectively, from 2009 through June 30, 2015. For the LTM ended June 30, 2015, we generated total revenues of $4,453.8 million, approximately 80% of which was from private pay sources, operating income of $264.0 million and Adjusted EBITDA of $754.2 million."

Laureate is "an international community of universities that encourages learning without boundaries. Our purpose is to offer higher education with a unique multicultural perspective, and prepare our students for exciting careers and life-long achievement. We believe that when our students succeed, countries prosper and societies benefit."

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