Six years after being flogged off by Macquarie's private equity division for $2.50 a share, online school education business 3P Learning is likely to leave the sharemarket boards for a mere $1.35 a pop after a takeover bid from IXL Learning.
3P Learning was marketed at IPO in 2014 as a scalable software player offering investors growth in the global ed-tech sector, but investors might as well have owned Hogwarts. The stock would halve in value over the next six years.
Loading...
Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
