CECO Environmental Corp., an American medical institution, operating in partnership with Legacy Education (LGCY.US), has applied to go public in the United States with plans to raise $10 million.

US healthcare vocational education provider Legacy Education has submitted its initial public offering (IPO) application to the US Securities and Exchange Commission (SEC), with plans to raise $10 million. The company plans to list on the New York Stock Exchange under the ticker symbol "LGCY". The company intends to use a portion of the proceeds to continue developing its products, with several new programs (such as EMT and surgical technology) expected to be offered starting in October 2024. Legacy Education owns and operates three education institutions: High Desert Medical College, Central Coast College, and Integrity College of Health, offering career-focused medical education in fields such as nursing, medical technicians, dental assistants, and business management. Data shows that the company generated $43 million in revenue in the 12 months ending March 31, 2024. Revenue grew 28% to $33 million in the 9 months ending March 31, 2024, with gross margin increasing 498 basis points to 46%, adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) growing 106% to $5.6 million, and EBITDA margin increasing 633 basis points to 17%.