IDP Education
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| Formerly | International Development Programme (1969–2003) |
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| ASX: IEL | |
| Founded | 1969 |
| Headquarters | Melbourne, Australia |
| Owner | Education Australia (25%) |
| Website | www |
IDP Education Limited is an international education organisation offering student placement in Australia, New Zealand, United States, United Kingdom, Ireland and Canada.
History
[edit]IDP was established in 1969 as Australian Asian Universities' Cooperation Scheme (AAUCS) to assist universities in South-East Asia with development. In 1981 AAUCS changed its name to the International Development Program (IDP) of Australian Universities and Colleges and schools.[1]
In 2006, SEEK acquired 50% shares of IDP from the Australian universities consortium Education Australia . Education Australia was formerly known as IDP Education Australia Limited.[2]
In 2015, IDP became a list company which SEEK sold its 50% shares to the general public.[3]
In January 2017, IDP acquired UK Educational listings company Hotcourses for £30 million. Hotcourses was co-founded by British politician and former Foreign Secretary Jeremy Hunt.[4][5]
In April 2020, IDP issued new shares that raised AU$175 million. In June, Education Australia, the holding company for the 38 universities of Australia (note: there are more than 38 universities in Australia, some of them are not the shareholders of Education Australia), sold 5% shares to the public.[6] In March 2021, Education Australia announced to sell a further 15% shares to the public and announced that the remaining 25% shares of IDP would be distributed to the 38 universities.[7][8]
References
[edit]- ^ "Why IDP? History". International Development Program. IDP Education. Retrieved 23 January 2024.
- ^ "About Education Australia Ltd". Education Australia Limited. Archived from the original on 30 June 2022. Retrieved 17 March 2021.
- ^ "Windfall return for SEEK in $330 million IDP float". The Australian Financial Review. 26 November 2015. Retrieved 17 March 2021.
- ^ Walker, Peter (16 January 2017). "Jeremy Hunt in line for £14.5m windfall over Hotcourses sale". The Guardian. Retrieved 17 March 2021.
- ^ Pollock, Ian (16 January 2017). "Hunt makes millions from sale of Hotcourses". BBC News. Retrieved 17 March 2021.
- ^ "IDP's university shareholders retiring hurt". The Australian Financial Review. 9 November 2020. Retrieved 17 March 2021.
- ^ "Unis flag $1 billion IDP Education block trade". The Australian Financial Review. 11 March 2021. Retrieved 17 March 2021.
- ^ "Update on Education Australia Shareholding" (PDF) (Press release). IDP Education. 11 March 2021. Retrieved 17 March 2021.