IPO, Internet, Online Learning

Bridgepoint IPO Nets $142M

Juha-Pekka Tikka 4/14/09

San Diego-based Bridgepoint Education has raised $142 million in its initial public offering, according to Bloomberg. The IPO was only the second this year by a U.S. company. Bridgepoint is a secondary education provider that offers nearly all of its classes online. Earlier this month, the company disclosed plans to raise between $190 million and $216 million. Bridgepoint’s shares will trade on the New York Stock Exchange under the ticker BPI.