Grand Canyon Education Sets IPO Terms

Grand Canyon Education Inc., a Phoenix-based provider of online postsecondary education services, has set its IPO terms to 10.5 million common shares being offered at between $18 and $20- per share. It would have an initial market cap of approximately $800 million were it to price in the middle of its range.

Credit Suisse and Merrill Lynch are serving as co-lead underwriters. Shareholders include Endeavour Capital (32.6% pre-IPO stake). www.gcu.edu