Bridgepoint Education (NYSE: BPI), a San Diego-based provider of online and campus universities, has filed to sell 11 million common shares via a secondary public offering. Sellers will include Warburg Pincus, which currently holds around 34.5 million common shares (64.9% ownership stake), and members of company management. BoA Merrill Lynch and JPMorgan are serving as co-lead underwriters.
Bridgepoint Education went public earlier this year, raising $141.75 million in an IPO at $10.50 per share. WIt closed trading yesterday at $20.79 per share. www.bridgepointeducation.com
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