News in Brief: A National Roundup
Educate Inc. Goes Public
Educate Inc., a tutoring and supplemental-services company, announced on Sept. 23 its initial public offering of 15 million shares of stock at $11 per share. The Baltimore-based company is expected to use the proceeds from the offering to pay down debt.
Educate Inc. (Nasdaq: EEEE) bought its K-12 services last year from Sylvan Learning Systems Inc.
Vol. 24, Issue 05, Page 4