University of Phoenix Parent Company Files for IPO
Katherine Hamilton
August 29, 2025
AP VIII Queso Holdings, doing business as Phoenix Education Partners, filed for an initial public offering on Friday.
The company is behind the University of Phoenix, a for-profit college founded in 1976.
The college was acquired by private-equity firm Apollo Global Management and others in 2017 as part of a $1.1 billion deal, taking it private. The goal with that deal was to make the University of Phoenix smaller and more focused, AP VIII said in its filing.
In 2024, the company had revenue of $950 million. Enrollment that year was 78,900.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
Corrections & Amplifications
This article was corrected at 7:11 p.m. ET. Phoenix Education Partners had revenue of $950 million in 2024. The original version incorrectly said revenue was $240,216.
Phoenix Education Partners had revenue of $950 million in 2024. “University of Phoenix Parent Company Files for IPO,” at 6:50 p.m. ET, incorrectly said revenue was $240,216.
