Grand Canyon Education (NASDAQ, LOPE) has filed for a secondary public offering of 8 million shares at a maximum price of $18.91 per share. The company plans to sell 1 million shares with the remaining 7 million being sold by the company's stockholders. Endeavour Capital currently owns 10 million shares, or a 22.5% stake in the post-secondary education company. The company went public in November at $12 per share and is currently trading around $18 per share.
So far in 2009, approximately $2.1 billion was raised through second public offerings. Currently, there are three companies seeking to launch a second public offering, including DynCorp International, Sirona Dental Systems and Deltek, representing $484 million. This is a steep drop from 2008, when capital raised through second public offerings reached $4.42 billion at the end of July. In August, $451 million has been raised through the second offerings of American Capital Agency, owned by American Capital, and Emergency Medical Services, owned by Onex Partners. This information provided by the PitchBook Platform.