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Nord Anglia Education (NORD) Pops After IPO (Update)

Update (4:10 p.m.): Updated with Wednesday market close information.

NEW YORK (TheStreet) -- Nord Anglia Education (NORD - Get Report) rose to a high of $18.69 on Wednesday, the first day of trading for the Hong Kong-based school operator after its IPO.

Nord Anglia, which operates 27 schools in China, Southeast Asia, North America, Europe, and the Middle East, sold 19 million shares at $16 a share, the midpoint of its price range, to raise approximately $304 million in the IPO.

Baring Asia Private Equity acquired Nord Anglia for $360 million in 2008 and helped bring it to the U.S. when it bought WCL Group for $237 million in May.

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The stock closed at $18.01.

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NORD Chart

NORD data by YCharts

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