08:39 AM EDT, 09/30/2025 (MT Newswires) -- Phoenix Education Partners, parent company of The University of Phoenix and formerly known as AP VIII Queso Holdings, said Tuesday it plans to launch an initial public offering of 4.25 million shares of its common stock, all of which will be sold by certain of its existing stockholders.

The company said it plans to price the IPO at between $31.00 and $33.00 per share. At the top-end of this price, the company said it expects to raise a little over $140 million.

The selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 637,500 shares at the IPO price, less underwriting discounts and commissions, the company said.

Phoenix said it has filed an S-1 registration statement with the US Securities and Exchange Commission, which included information about its planned name change from the limited partnership AP VIII Queso, to Phoenix as a Delaware corporation, but the registration has not yet become effective. Phoenix applied to list its common stock on the New York Stock Exchange under the ticker symbol "PXED."