American Public Education Prices High

American Public Education Inc., a Charles Town, West Va.-based provider of online postsecondary education for the military and public service communities, raised $93.75 million in its IPO. The company priced around 4.69 million common shares at $20 per share ($15-$17 original range), for an initial market cap of $340.97 million. It finished its first day of trading up at $34 per share. William Blair & Co. and Piper Jaffray served as co-lead underwriters. Shareholders include ABS Capital Partners (41.4% pre-IPO stake) and Camden Partners (10.3%).