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University of Phoenix owner eyes $1.2 billion valuation in US IPO

(Reuters) -The owner of the University of Phoenix is targeting a valuation of up to 1.2billioninitsU.S.initialpublicoffering,itsaidonTuesday,settingthestageforitsstockmarketreturnaftermorethaneightyears.ExistingstockholdersofPhoenixEducationPartnersareseekingupto1.2 billion in its U.S. initial public offering, it said on Tuesday, setting the stage for its stock market return after more than eight years. Existing stockholders of Phoenix Education Partners are seeking up to 140.3 million by offering 4.25 million shares priced between 31and31 and 33 apiece. Private capital firm Apollo Global is selling 3.55 million shares, while investment firm Vistria Group is offloading 0.7 million ...