Thu Sep 19 07:06:52 UTC 2024: ## Legacy Education to Go Public, Aiming for $12 Million in IPO

**Lancaster, CA – September 19, 2024** – Legacy Education Inc. (LGCY), a provider of post-secondary education services through its accredited academic institutions, announced plans to go public with an Initial Public Offering (IPO) on Friday, September 27th.

The company will be issuing 2,000,000 shares at a price range of $5.00 to $7.00 per share, aiming to raise $12 million. Legacy Education operates three career institutions: High Desert Medical College (HDMC), Central Coast College (CCC), and Integrity College of Health (Integrity). These institutions offer programs in various fields, including healthcare, veterinary, medical information technology, and business management.

Legacy Education, founded in 2009 and employing 266 people, has seen significant growth in recent years. In the last twelve months, the company generated $42.8 million in revenue and $5 million in net income. They are expecting revenue to range from $45.7 million to $46.5 million for the year ended June 30, 2024.

The company’s mission is to address the shortcomings of the California community college system, which they believe is not meeting current educational and workforce needs. Legacy Education focuses on providing high-quality programs with strong job placement rates, strategically located near hospitals and clinics to facilitate externships and employment opportunities.

The IPO presents an opportunity for investors to capitalize on the growth potential of the company in the expanding healthcare industry. Employment in this sector is projected to grow 16% from 2020 to 2030, creating over 2.6 million new jobs nationwide.

Legacy Education’s IPO will be closely watched as a potential indicator of the future of post-secondary education and its response to evolving workforce demands.

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