Shares of IDP Education finished the trading day at $3.38 a piece. That’s a 91% climbdown from IDP’s all-time high of $38.88, achieved in 2022.

It also appears to be lower than the closing price on IDP’s very first day of trading (November 27, 2015), which Google tells me was $3.40.

I don’t think we’ve completely exited the “monopoly era” of English language testing for high stakes purposes, but we’re getting there. In any case, we can check off another box.

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