Legacy Education Launches IPO at $4, Aiming for Growth
Legacy Education's Initial Public Offering Details
Legacy Education Inc. (NYSE American: LGCY) recently revealed that it has set the price for its initial public offering (IPO) at $4 per share. The company plans to sell 2.5 million shares in this offering, which aims to generate $10 million before accounting for underwriting discounts and other associated expenses. Investors can expect these shares to begin trading on the NYSE American under the ticker symbol LGCY.
Understanding the Offering and Participation
As part of the offering, there is a 30-day option for underwriters that allows them to acquire an additional 375,000 shares to manage any excess demand. Northland Securities, Inc. holds the role of sole book-running manager while Ladenburg Thalmann operates as the lead manager for this IPO.
About Legacy Education and Its Mission
Founded in 2009, Legacy Education has built a reputation as a provider of career-focused education. The company primarily specializes in the healthcare sector, offering various degrees designed to prepare students for careers in nursing, medical technology, dental assisting, and business administration. With the funds raised from the IPO, Legacy Education intends to enhance its facilities, expand on its current educational offerings, and fulfill other general operating capital requirements.
IPO Timeline and Next Steps
The anticipated closing date for this offering is set for September 27, contingent upon standard closing conditions. The registration statement concerning these securities has already been filed with the Securities and Exchange Commission (SEC), achieving effectiveness on September 25.
Investors and Accessibility
Legacy Education has specified that the securities from this IPO will be available solely through a prospectus. Interested individuals or entities can obtain a copy of the final prospectus once it becomes available from Northland Securities, Inc. and Ladenburg Thalmann.
Commitment to Quality Education
The company emphasizes its dedication to providing high-quality education that is accessible and affordable. With a focus on organic growth in enrollment and introducing new programs, Legacy Education remains committed to making strategic acquisitions that align with its goals.
Frequently Asked Questions
What is the price of Legacy Education's IPO?
The IPO price is set at $4 per share.
How many shares is Legacy Education offering?
Legacy Education is offering 2.5 million shares in its initial offering.
What does Legacy Education do?
Legacy Education provides career-focused education, particularly in healthcare, offering degrees in various fields.
Who is managing the IPO?
Northland Securities, Inc. is the sole book-running manager, with Ladenburg Thalmann as the lead manager.
What will the IPO proceeds be used for?
The proceeds will be used for investing in facilities, developing new programs, and other general working capital purposes.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Top Semiconductor Stocks to Watch Amid AI Demand Growth
- Examining Super Micro's Challenges Amid Regulatory Scrutiny
- The Expanding Nitrile Gloves Market and Its Growth Potential
- Welshare Health's New AI App Revolutionizes Patient Research
- Septerna Initiates Promising Clinical Trial for SEP-786
- Calian Group Partners with Microsoft for Cloud Cybersecurity Solutions
- Covalon Technologies to Showcase Innovations in Vascular Access Care
- Flow Beverage Corp. Set for Key Investor Conference Engagement
- Marqeta Sets Date for Third Quarter Financial Results Call
- Celebrating Biotech Innovation: 2024 Endpoints 11 Winners Revealed
Recent Articles
- InnovAge Holding Corp Boosts Share Repurchase Plan Significantly
- Promising Advances of INmune Bio in Cancer and Alzheimer's Trials
- Southwest Airlines Boosts Q3 Revenue Forecast with Buyback Plans
- Abcourt Mines Launches New Drilling and Stripping Operations
- NANO Nuclear Energy Inc. Engages in Growth Summit 2024
- Apple Poised for Success Amid Rising iPhone 16 Enthusiasm
- Prominent Movers in Today's Market: Micron, Accenture Rise
- Legacy Education Inc. Sets Price for Its Initial Public Offering
- UBS Downgrades GE Healthcare: Overvaluation and Competition Concerns
- SaverOne Partners with Motor Supply to Boost US Market Presence
- Banco do Brasil's Strategic Move to Support Agribusiness Resilience
- GRI Bio Expands Clinical Study Footprint for GRI-0621
- Cocrystal Pharma's CDI-988 Targets Viral Infections with Promise
- Sonoro Gold Secures Funding for Cerro Caliche Development
- Growth and Trends in the Pharmaceutical Excipients Market
- OKX Embraces Innovation with Hamster Kombat's Token Launch
- Bitwave Enhances Compliance Tracking for Digital Assets
- Exploring Promising Semiconductor Stocks for Future Gains
- Janover Inc. Unveils Innovative AI Solutions for Insurtech
- Corbus Pharmaceuticals Engages in Key Oncology Summit Discussions
- Choosing the Right Stocks: Insights and Opportunities
- Innovative Aluminium Recycling Partnership to Boost Sustainability
- Optimism Rises in the Market as Investors Anticipate Growth
- DRYWORLD and Spartan Race Partnership Enhances Athletic Apparel
- Pacira BioSciences Unveils Promising 104-Week Study Results
- IES Holdings Welcomes John Louis Fouts to Its Board
- INKmune™ Shows Promising Results in NK-Cell Therapy Trials
- Ultragenyx Unveils Key Setrusumab Presentations at Major Meeting
- Teledyne Unveils Innovative AI-Powered Camera for Industry
- Fairfax Financial Plans to Buy Back Voting and Preferred Shares
- Fairfax India Plans Significant Normal Course Issuer Bid Initiative
- Growing Demand for Bicycle Accessories Expected Through 2034
- Cerro de Pasco Resources Secures $3 Million Investment Boost
- Tritent International Corp. and Burst Technologies Join Forces
- Alliance Trust PLC Reports Latest Net Asset Value Figures
- iSpecimen Secures Funding and Welcomes New Leadership Team
- Janover Inc Launches AI Tools to Transform Insurtech Sector
- Exciting Partnership Between BNB Chain and UXUY Wallet Emerges
- Three Dividend-Paying Real Estate Stocks to Consider for 2024
- Renewable Land Expands Renewable Energy Footprint in Ohio
- Understanding the Impact of Falling Mortgage Rates on Homebuyers
- Exro Forms Strategic Partnership with Stellantis for EV Innovation
- MCF Energy's Welchau-1 Well: Key Insights and Upcoming Tests
- Scottie Resources Completes 10,000 Metre Drill Program Successfully
- Theratechnologies Announces Q3 2024 Financial Results Plans
- Valmet Announces Second Dividend Payment for 2023 Success
- Baxter Unveils Innovative Pulmonary System for Lung Care
- Harnessing Grid-Scale Battery Energy Storage for Tomorrow's Energy Needs
- iSpecimen Announces Strategic Changes and Loan Acquisition
- Transforming Business Growth with AI: The Future of Strategic Decisions