American Public Education Inc., a Charles Town, West Va.-based provider of online postsecondary education for the military and public service communities, has set its IPO terms to around 4.69 million common shares being offered at between $15 and $17 per share. It would have an initial market cap of approximately $288 million if it prices at the high end of its range.
The company plans to trade on the Nasdaq under ticker symbol APEI, with William Blair & Co. and Piper Jaffray serving as co-lead underwriters. Shareholders include ABS Capital Partners (41.4% pre-IPO stake) and Camden Partners (10.3%). www.apus.edu