Home :: November 20, 2008

Shares of Grand Canyon Education Inc. stumbled in their market debut Thursday, after the online education company priced the first initial public offering in months, breaking the longest IPO drought since the 1970s.

More than 30 Nobel Peace Prize winners are calling for an effort to improve education in war zones.

Grand Canyon Education prices the first U.S. initial public offering since August, marking the end of the longest IPO drought in at least a decade, but shares of the online provider of eductions services stumble in their trading debut.

Grand Canyon Education IPO Breaks IPO Drought

Some 18 lawyers have been tapped by the transition organization of President-elect Barack Obama to serve on teams examining policy and budget issues on national social issues related to education, labor, health and technology. The lawyers come from an array of professional backgrounds, including big law firms, academia, nonprofits and the military.

Apollo Group fell $.23 or .3 percent, to $65.74. Career Education fell $.16 or 1.0 percent, to $15.21.

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