The owner of the University of Phoenix filed for an initial public offering, after the educational institution backed by Apollo Global Management Inc. and the Vistria Group walked away from a potential $550 million sale to another school.
The majority owner of the Arizona-based university paid a $12.2 million fee to the University of Idaho in June after terminating a 2023 agreement to sell most of its assets, according to its filing Friday with the US Securities and Exchange Commission.