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Capella Education Company announces terms for IPO

October 27, 2006

Capella Education Company, an exclusively online post-secondary education services company, announced Friday that it plans to offer 4 million shares at a range of $17.50-$19.50. Credit Suisse, Banc of America, Piper Jaffray and Stifel Nicolaus are set to manage the deal, which has a proposed market cap of $292 million. Timing has yet to be announced.