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LAUR - Laureate Education dips on stock offering by sellers
Laureate Education Inc.
Laureate Education ( NASDAQ: LAUR ) shares plunged over 9% Wednesday morning after the education services firm announced an underwritten secondary offering of 32.84M shares of its common stock by certain existing stockholders.
The company is not selling any shares and will not receive any proceeds from the sale of the shares being offered by the Selling Stockholders.