Laureate Education Inc., the largest for-profit college network in the world, filed for an initial public offering, one of the first for a Public Benefit Corporation -- a legally incorporated company committed to doing social good.
The company used a $100 million placeholder in a filing Friday with the U.S. Securities and Exchange Commission, an amount used to calculate registration fees that may change. In April, Laureate was interviewing banks for a $1 billion offering in the U.S. that would have valued the company at about $5 billion, people with knowledge of the matter said at the time.
