Skip to content
Subscriber Only

World's Biggest For-Profit College Chain Plans $1 Billion IPO

Douglas Becker, chairman and chief executive officer of Laureate Education Inc.

Douglas Becker, chairman and chief executive officer of Laureate Education Inc.

Photographer: Dado Galdieri/Bloomberg

Laureate Education Inc., the largest for-profit college network in the world, is interviewing banks for a $1 billion initial public offering in the U.S., people with knowledge of the matter said.

The company, whose honorary chancellor is former President Bill Clinton, has been meeting with potential underwriters for an IPO that could value the education juggernaut at about $5 billion, said the people, who asked not to be named discussing private information. The company, based in Baltimore, owns 84 universities, mostly in emerging markets.