University of Phoenix Files for IPO After Dropping Planned Sale

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.

AP VIII Queso Holdings LP, the entity which is currently registered with the US SEC to go public, will ...