It’s been a busy time for the education sector in the Brazilian stock market. In less than a week, two large groups of private universities have filed for initial public offerings, which together could raise as much as R$1.6 billion (US$730 million). But there’s more action than IPOs. This year, three mergers and acquisitions of major education companies also shook up the sector, which is making big bets on online distance learning.
It has been a busy time for the education sector in the Brazilian stock market. In less than a week, two large groups of private universities have filed for initial public offerings, or IPOs, which together could raise as much as R$1.6 billion (US$740 million). This year, three mergers and acquisitions of major education companies also shook up the sector, which is making big bets on online distance learning, writes Patricia Gomes for edSurge.