Arizona: Grand Canyon University IPO hits the market

by E Wayne Ross on November 20, 2008

Phoenix Business Journal: Grand Canyon University IPO hits the market

Grand Canyon University took the plunge into the publicly traded world Wednesday — ending a 15-month drought for Arizona IPOs.

Its holding company, Grand Canyon Education Inc., sold 10.5 million shares at $12 each Wednesday, and will begin trading under the symbol LOPE on the Nasdaq Global Market Thursday, Reuters reported. Company officials were not immediately available for comment.