May 6, 2005
Capella University Prepares to Go Public
The private company that owns Capella University, an online education provider, has filed with the U.S. Securities and Exchange Commission to raise $86-million in an initial public offering of its stock.
Like other for-profit education companies, Capella has experienced rapid growth in recent years. From 2000 to 2004, the university's enrollment rose 54 percent a year and revenues grew 64 percent annually, on average.
As a result, the company has become profitable. Its net
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