Publicly Traded Ed. Companies Are Rare
New data offer window into school, student preferences
K12 Inc., the nation's largest provider of online precollegiate education, was launched in 2000 and went public seven years later after raising about $140 million in revenue. Like other companies, it moved from being privately held to being publicly traded to raise more money quickly, increase brand awareness, and accelerate business goals.
The company now works with more than 2,000 U.S. school districts and reported $522.4 million in revenue last fiscal year. "No school district could ever invest what we do and get the productivity we get," said Chief Executive Officer Ronald J. Packard. He said his company invests about $40 million a year in new technology and programs.
But there's a risk to taking education to Wall Street—one that helps explain why so few publicly traded companies cater to the educational needs of students in elementary,...
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