Archipelago Learning Files for $75 Million IPO

Archipelago Learning Inc., a Dallas-based provider of online education tools and services, has filed for a $75 million IPO. It plans to trade on the Nasdaq under ticker symbol ARCL, with BoA Merrill Lynch serving as sole underwriter.

Providence Equity Partners acquired a majority stake in Archipelago Learning in January 2007, for $84.5 million.