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Online education company American Public Education revises its IPO terms

November 6, 2007

American Public Education, which offers online postsecondary education to the military and public service sector, will now offer 4.6 million shares at a range of $18 to $19 as opposed to the originally planned $15 to $17 range. The company plans to use the proceeds to pay special distribution to insiders. William Blair and Piper Jaffray are the joint lead managers on the deal.