Stock Information

IPO | IPEOPLE, INC.

Sector: SERVICES | Sub-Sector: EDUCATION

iPeople, inc. (IPO) is the holding company under House of Investments, Inc. (HI) and the Yuchengco Group of Companies that drives investments in the education sector. Formerly known as Petrofields Exploration and Development Co., Inc., the Company was incorporated on July 27, 1989 by Benguet Corporation to engage in petroleum and mineral exploration, development, and production and operated as such until 1997. Under HI, the Company changed its name, primary purpose and focused its investments in education.

IPO, together with HI, wholly owns and operates its main subsidiary, Malayan Education System, Inc., which operates under the name of Mapúa University. Mapúa University has its main campus in Intramuros, Manila and an extension campus in Buendia, Makati. Mapúa University also has three wholly-owned operating schools, the Malayan Colleges Laguna (A Mapúa School), Inc., Malayan Colleges Mindanao, Inc. and the Malayan High School of Science, Inc.

On May 2, 2019, the Company merged with AC Education, Inc., the wholly-owned education arm of Ayala Corporation, with IPO as the surviving entity. As a result, the Company acquired three additional operating subsidiaries: National Teachers College (NTC), University of Nueva Caceres, and Affordable Private Education Center, Inc., which is doing business under the name of APEC Schools. In September 6, 2023, the merger between NTC and APEC Schools became effective with NTC as the surviving entity.

Source: SEC Form 17-A (2024)