On Friday, Sylvan filed an initial public offering seeking a maximum of $288 million in proceeds. The IPO was filed by Sylvan's parent, Educate Inc. Sylvan offers tutoring services for children from kindergarten through twelfth grade. According to this article from Investors.com, Educate Inc.'s IPO coincides with an expected two million student increase in enrollment in U.S. elementary and secondary schools between 2003 and 2013.
Posted by franchiselawblog at May 17, 2004 11:15 AM