Education Inc.

September 13, 2000 1 min read
  • Save to favorites
  • Print

Princeton Review Inc. is prepping for its own admissions test—on Wall Street.

The New York City-based company, which has helped millions of students prepare for college-admissions tests and other exams since its founding in 1981, filed last month for an initial public offering of as much as $65 million in stock on the Nasdaq market.

Princeton Review has more than 500 U.S. locations where it provides test preparation, but in the past year or so it has dramatically increased its presence on the Internet.

It has two major Web sites:, which offers college- admissions information and online versions of its preparation courses, and, which provides K-12 assessment and remediation services for schools and families.

The company said in its IPO filing that it plans to use the proceeds from the sale of stock for product development, expansion of its sales and marketing efforts, and working capital.

Princeton Review had revenues of $40.3 million in 1999. Its largest competitor in the test-preparation arena, Kaplan Inc., had 1999 revenues of $257.5 million. Kaplan is a unit of the publicly traded Washington Post Co.Kaplan Inc., had 1999 revenues of $257.5 million. Kaplan is a unit of the publicly traded Washington Post Co.

The McGraw-Hill Cos. announced last week the completion of its acquisition of Tribune Education for $634.7 million. The deal bolsters New York City-based McGraw-Hill’s educational publishing strength with a host of supplementary materials from the former education unit of the Chicago-based Tribune Co.

The deal’s Sept. 5 completion was also a bookend to a summer of major consolidation in the industry. On July 31, the Anglo-Dutch publisher Pearson PLC announced that it would buy National Computer Systems Inc. of Minneapolis, a major provider of test-scoring and curriculum- and financial- management software for schools. The $2.5 billion acquisition has not yet been completed.

—Mark Walsh

Funding for the Business Page is provided in part by the Ford Foundation, which helps underwrite coverage of the changing definition of public schooling.


This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Student Well-Being Webinar
A Whole Child Approach to Supporting Positive Student Behavior 
To improve student behavior, it’s important to look at the root causes. Social-emotional learning may play a preventative role.

A whole child approach can proactively support positive student behaviors.

Join this webinar to learn how.
Content provided by Panorama
Recruitment & Retention Live Online Discussion A Seat at the Table: Why Retaining Education Leaders of Color Is Key for Student Success
Today, in the United States roughly 53 percent of our public school students are young people of color, while approximately 80 percent of the educators who lead their classrooms, schools, and districts are white. Racial
Jobs January 2022 Virtual Career Fair for Teachers and K-12 Staff
Find teaching jobs and other jobs in K-12 education at the EdWeek Top School Jobs virtual career fair.

EdWeek Top School Jobs

Teacher Jobs
Search over ten thousand teaching jobs nationwide — elementary, middle, high school and more.
View Jobs
Principal Jobs
Find hundreds of jobs for principals, assistant principals, and other school leadership roles.
View Jobs
Administrator Jobs
Over a thousand district-level jobs: superintendents, directors, more.
View Jobs
Support Staff Jobs
Search thousands of jobs, from paraprofessionals to counselors and more.
View Jobs

Read Next

Education Briefly Stated: January 12, 2022
Here's a look at some recent Education Week articles you may have missed.
8 min read
Education School Bus Driver Retires After 48 Years Behind Wheel
Charles City school bus driver Betty Flick sat behind the wheel for the final time last week, wrapping up a 48-year career for the district.
3 min read
Charles City school bus driver Betty Flick poses with one of her farewell signs. Flick has been driving for Charles City School District for 48 years.
Betty Flick quickly fell in love with the job and with the kids, which is what has had her stay in the district for this long.
Courtesy of Abby Koch/Globe Gazette
Education Briefly Stated: December 1, 2021
Here's a look at some recent Education Week articles you may have missed.
9 min read
Education Briefly Stated: November 17, 2021
Here's a look at some recent Education Week articles you may have missed.
8 min read