Friday's Hot IPO of Education Management (EDMC) is Higher Again

Friday's hot IPO of Education Management Corporation (Nasdaq: EDMC) is seeing continued strength today. After rising 21% on it debut, shares of the post-secondary education provider are up another 4.9% today.

Shares of Education Management are trading at $22.83 currently, after pricing its 20,000,000 share IPO at $18.00 per share.

EDMC, with approximately 110,800 enrolled students as of October 2008, is among the largest providers of post-secondary education in North America, with a total of 92 primary locations in 28 U.S. states and Canada. EDMC offers academic programs to its students through campus-based and online instruction, or through a combination of both.

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