Wednesday, April 29, 2015
Australian Online For-profit University To Be Floated on US Stock Exchange
Laureate Education Inc. is reported to be preparing for a $1B float in the USA. Torrens University Australia is part of Laureate and so presumably will form part of what is floated. Torrens is interesting also because it is effectively Australia's first on-line university. Torrens is required to report on its first year of operation in Australia by 30 June. Torrens is part of the South Australia government's experiment in Offshore Higher Education, which has not gone well, with University College London (UCL) already deciding to close its Adelaide campus (Torrens and UCL were sharing a building with Carnegie Mellon University Australia).