Capella Sets IPO Terms

Capella Education Co., a Minneapolis-based provider of online post-secondary education services via the Internet, has set its proposed IPO terms to four million common shares being offered at between $17.50 and $19.50 per share. It plans to trade on the Nasdaq under ticker symbol CPLA, with Credit Suisse serving as lead underwriter. Shareholders include Forstmann Little, Technology Crossover Ventures, Maveron, Insight Venture Partners and Cherry Tree Ventures.