Laureate Education (LAUR) IPO Prices at $14, Below Expected Range

Laureate Education, Inc. (NASDAQ: LAUR) announced today the pricing of its initial public offering of 35,000,000 shares of Class A common stock at a price to the public of $14.00 per share, below the expected $17-$20 range. The offering size was raised from 29,000,000. Laureate has granted the underwriters a 30-day option to purchase up to an additional 5,250,000 shares of Class A common stock at the initial public offering price less underwriting discounts and commissions. Shares of Laureate's Class A common stock are expected to begin trading on the Nasdaq Global Select Market on February 1, 2017 under the symbol "LAUR," and the offering is expected to close on February 6, 2017, subject to customary closing conditions.

Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC and Barclays Capital Inc. are acting as joint lead book-running managers and representatives of the underwriters. Macquarie Capital (USA) Inc., J.P. Morgan Securities LLC, BMO Capital Markets Corp., Citigroup Global Markets Inc. and Goldman, Sachs & Co. are acting as book-running managers for the offering. Robert W. Baird & Co. Incorporated, Barrington Research Associates, Inc., Piper Jaffray & Co., Stifel, Nicolaus & Company, Incorporated, William Blair & Company, L.L.C., Banco Bradesco BBI S.A. and BTG Pactual US Capital, LLC are acting as co-managers of the offering.

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