UPDATE: Laureate Education (LAUR) Files for $100M Common Stock IPO
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Laureate Education Converts to Public Benefit Corporation
October 2, 2015 4:01 PM EDTLaureate Education, Inc., announced that it has converted from a traditional corporation to a Public Benefit Corporation (PBC) domiciled in Delaware, which has the most up-to-date PBC law. Through this conversion, Laureate joins more than 2,800 U.S. companies incorporated as Public Benefit Corporations across 30 states and the District of Columbia. With over one million students and 88 institutions in 28 countries around the world, Laureate is the largest global network of degree-granting higher education institutions and the largest company to become a Public Benefit Corporation. Laureate's corporate headquarters will remain in Baltimore.
"From the inception of the company, our main... More
