K12 Inc., a leading national provider of individualized, one-to-one learning solutions for students in online schools, distance education programs and classrooms, based in Herndon, VA, today celebrated its listing on NYSE Arca, NYSE Euronext’s fully electronic market for emerging issuers, after its successful IPO in which it raised $108 million.
“We welcome K12 Inc.’s listing on NYSE Arca,” said NYSE Euronext President & Co-COO Catherine R. Kinney. “NYSE Arca offers K12 and its shareholders a highly liquid and efficient market. We look forward to providing the company with the superior market quality, liquidity and brand visibility associated with listing on NYSE Euronext markets.”
“As an innovative technology-based education company new to the public market, we chose NYSE Arca because we believe it presents a valuable listing platform for K12, offering enhanced brand visibility and market liquidity for our shareholders,” said Ron Packard , CEO and Founder of K12Inc.
K12 will trade on NYSE Arca under the ticker symbol “LRN”. NYSE Arca's affiliation with the NYSE through their common parent, NYSE Euronext, is a benefit to K12 as it joins NYSE Arca, NYSE Euronext’s fully electronic trading platform.
K12 is the 127th new issue, 14th operating company and the fourth technology company to list on NYSE Arca since the 2006 merger between the former NYSE and Archipelago Holdings, Inc.
Technology sector new listings on NYSE Group markets in 2007 include Netezza Corporation (NYSE Arca: NZ), the first technology listing on NYSE Arca, followed by Compellent (NYSE Arca: CML) and 3PAR, Inc. (NYSE Arca: PAR). NYSE technology listings so far this year include VMWare (NYSE: VMW), Teradata Corporation (NYSE: TDC), Orbitz Worldwide, Inc. (NYSE: OWW), PROS Holdings, Inc. (NYSE: PRO), Metro PCS Communications (NYSE: PCS), Dice Holdings Inc (NYSE: DHX), Solera Holdings (NYSE: SLH) and Genpact (NYSE: G). -- www.nyse.com
Comment and add to the story without registration, but keep the comments meaningful please. Links are not accepted.
