Phoenix Education Partners (PXED) said Friday it closed its initial public offering of 4.25 million shares priced at $32 each, raising $136 million in gross proceeds.
Phoenix Education shares were 3.3% lower at midday Friday, trading at $36.89, on volume of about 185,000 shares.
Price: 36.86, Change: -1.29, Percent Change: -3.38