12:36 PM EDT, 10/09/2025 (MT Newswires) -- Phoenix Education Partners ( PXED ) shares surged 28% in their debut on the New York Stock Exchange on Thursday after the company priced its initial public offering of about 4.3 million shares at $32 per share.

The company, the parent of The University of Phoenix, said late Wednesday that the underwriters have a 30-day option to buy 637,500 more shares at the IPO price.

The IPO is expected to close Friday, the company said.

Price: 40.43, Change: +8.43, Percent Change: +26.33