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Monday, October 30, 2006

Capella Education IPO Terms Set

Capella Education Co. has set its proposed IPO terms of 4 million common shares being offered at a $17.50 and $19.50 per share range.

The Minneapolis-based provider of online post-secondary education services via the Internet will trade trade under ticker CPLA on NASDAQ. It is the for-profit parent company of Capella University, an accredited online academic institution. Capella University offers undergraduate and graduate degree programs in business, technology, education, human services and psychology, and currently serves more than 16,000 enrolled adult learners from all 50 states and more than 63 countries.

The current expected IPO time frame is for next week. Credit Suisse is serving as the lead underwriter; and co-managers are listed as Banc of America, Piper Jaffray, and Stifel Nicolaus.

Shareholders include Forstmann Little, Technology Crossover Ventures, Insight Venture Partners, and Cherry Tree Ventures. More information can be found at the www.capella.edu or www.capellaeducationcompany.com websites.

Jon C. Ogg
October 30, 2006
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