US Stock Market Move | Phoenix Education Partners (PXED.US) debuts on the US stock market, opening with a more than 30% increase.

American higher education provider Phoenix Education Partners (PXED.US) debuted on the US stock market, with an opening stock price increase of over 30%, closing at $41.6. The IPO price was $32. The company is an online/adult higher education service provider, mainly catering to working adults, offering bachelor's, master's degrees, and certificate programs through online courses. Its main asset is the University of Phoenix, which is a well-known for-profit university in the United States, founded in 1976, offering online higher education courses.