Three months after walking away from negotiations with the University of Idaho, the University of Phoenix is going public.

The for-profit online giant announced plans on Friday for a $100 initial public offering.

Phoenix Education Partners filed for the IPO with the Securities and Exchange Commission under the name AP VIII Queso Holdings, according to Stamford, Conn.-based Renaissance Capital, which tracks IPO filings.

Phoenix Education Partners plans to change this name.

The for-profit booked $990 million in revenue for the 12-month period ending May 31, Renaissance Capital reported. The University of Phoenix has a national enrollment of roughly 80,000.

Phoenix’s move toward an IPO is not unexpected, and has been on the table for months .

In June 2024, the State Board of Educatio

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