Capella Beats Forecast


Capella Education Co., a Minneapolis-based provider of online post-secondary education services via the Internet, priced four million common shares at $20 per share, for an IPO take of approximately $80 million ($17.50-$19.50 forecast). It will trade on the Nasdaq under ticker symbol CPLA, while Credit Suisse served as lead underwriter. Shareholders include Forstmann Little, Technology Crossover Ventures, Maveron, Insight Venture Partners and Cherry Tree Ventures. www.capella.edu