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LRN - K12 Inc
$24.87
-1.12(-4.31%)9:00:00 PM 1/27/2021
K12 Inc. is a for-profit education company that sells online schooling and curricula. K12 is an education management organization that provides online education designed as an alternative to traditional "brick and mortar" education for public school students from kindergarten to 12th grade . Publicly traded K12 is the largest EMO in terms of enrollment. The company was founded by former banker Ronald J. Packard. Initial investors in the company included Michael R. Milken and Lowell Milken of education company Knowledge Universe, who along with the Milken Family Foundation, invested $10 million. Andrew Tisch of the Loews Corporation and Larry Ellison of Oracle Corporation also contributed venture capital. It became a publicly traded company on December 13, 2007.
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