Legacy Education Inc.

Legacy Education Inc. (LGCY) priced its initial public offering on Sep 27, 2024 at $4.00 per share, below its $5.00–$7.00 range, raising $10M, and listed on NYSE American. At the IPO price its market capitalization was about $47.5M. Northland was lead-left underwriter, joined by Ladenburg Thalmann. Sheppard Mullin advised the company and Faegre Drinker advised the underwriters.

Legacy Education Inc. owns and operates career institutions offering vocational training, including High Desert Medical College, Central Coast College and Integrity College of Health, with campuses in California. Programs include ultrasound technician, vocational nursing, nursing and MRI.

Status

IPO

Ticker

LGCY

Exchange

NYSE American

Priced

Sep 27, 2024

IPO price

$4.00

Price range

$5.00–$7.00

Raised

$10M

Market cap at IPO price

$47.5M

First filed

Aug 16, 2024

Underwriters

Northland and Ladenburg Thalmann

Company counsel

Sheppard Mullin

Underwriters' counsel

Faegre Drinker

Sector

Business services

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.