IDP Education

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IDP Education Limited
ASX: IEL
Founded1969; 52 years ago (1969)
HeadquartersMelbourne, Australia
OwnerEducation Australia (25%)
Websitewww.idp.com

IDP Education Limited is an international education organisation offering student placement in Australia, New Zealand, the USA, UK, Republic of Ireland and Canada.

IDP has more than 100 offices in 31 countries and 550 counsellors. IDP Australia partners with University of Cambridge ESOL Examinations and the British Council for IELTS tests.

More than 3 million IELTS tests were undertaken around the world in 2018 and over 10,000 organisations rely on IELTS including governments for migration assessment, universities for admissions and employers and professional registration bodies.

IELTS Australia Pty Ltd manages a network of more than 200 IELTS test centres in over 35 countries. There are over 1000 IELTS test centres globally. Anyone interested in passing the IELTS as part of a visa application to study or work abroad should make sure s/he refers to the Government website (Immigration pages) of their proposed destination country. Each destination country specifies approved test centres for Visa IELTS and often state the grade required by the visa authority.

History[]

IDP was established in 1969 as Australian Asian Universities' Cooperation Scheme (AAUCS) universities in South-East Asia.[citation needed] AAUCS changed[when?] its name to the International Development Program (IDP) of Australian Universities and Colleges and schools.[citation needed]

In 2006, acquired 50% shares of IDP from the Australian universities consortium Education Australia . Education Australia was formerly known as IDP Education Australia Limited.[1]

In 2015, IDP became a list company which SEEK sold its 50% shares to the general public.[2]

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.[3][4]

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.[5] 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.[6][7]

IDP is a buy

References[]

  1. ^ "About Education Australia Ltd". Education Australia Limited. Retrieved 17 March 2021.
  2. ^ "Windfall return for SEEK in $330 million IDP float". The Australian Financial Review. 26 November 2015. Retrieved 17 March 2021.
  3. ^ Walker, Peter (16 January 2017). "Jeremy Hunt in line for £14.5m windfall over Hotcourses sale". The Guardian. Retrieved 17 March 2021.
  4. ^ Pollock, Ian (16 January 2017). "Hunt makes millions from sale of Hotcourses". BBC News. Retrieved 17 March 2021.
  5. ^ "IDP's university shareholders retiring hurt". The Australian Financial Review. 9 November 2020. Retrieved 17 March 2021.
  6. ^ "Unis flag $1 billion IDP Education block trade". The Australian Financial Review. 11 March 2021. Retrieved 17 March 2021.
  7. ^ "Update on Education Australia Shareholding" (PDF) (Press release). IDP Education. 11 March 2021. Retrieved 17 March 2021.

External links[]

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