CRWE NewsWire

DALLAS,(CRWENEWSWIRE) Nov 20,2009– Archipelago Learning, Inc. (Nasdaq:ARCL), a leading subscription-based online education company, today announced that the initial public offering of 6,250,000 shares of its common stock has been priced at $16.50 per share. The shares will begin trading on November 20, 2009 on The NASDAQ Global Market under the ticker symbol “ARCL.” The closing of the offering is expected to take place on November 25, 2009. Of the shares being sold, 3,125,000 are being offered by the Company and 3,125,000 shares are being offered by selling stockholders. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 937,500 shares at the initial public offering price to cover over-allotments, if any. The Company will not receive any of the proceeds from the sale of shares by the selling stockholders.

BofA Merrill Lynch and William Blair & Company acted as joint book-running managers for the offering. Robert W. Baird & Co., Piper Jaffray and Stifel Nicolaus acted as co-managers of the offering. The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attn: Preliminary Prospectus Department or email Prospectus.Requests@ml.com; or William Blair & Company, Attention: Mailroom, 222 West Adams, Chicago, Illinois 60606 or email printshoprequests@williamblair.com.

A registration statement relating to these securities has been filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Archipelago Learning

Archipelago Learning is a leading subscription-based online education company. Archipelago Learning provides standards-based instruction, practice, assessments and reporting tools that improve the performance of educators and students via proprietary web-based platforms.

CONTACT: ICR, Inc.
Investors:
John Rouleau
203-682-8342
John.Rouleau@icrinc.com
Media:
Michael Fox
203-682-8218
Michael.Fox@icrinc.com

Source: Archipelago Learning

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