A Greater Cincinnati university produced some of the top CEOs who led their companies’ initial public offerings last year.
Miami University landed on a list of institutions that produced the most CEOs who led IPOs in 2014. The list comes from Equilar, an executive compensation and corporate governance data firm.
It included companies that raised more than $100 million through their IPOs and focused on their CEOs’ alma maters both for undergraduate and graduate school.
Miami had two CEOs who led major IPOs in 2014: Stephen Stather of El Pollo Loco Holdings and Robert Alexander of ZS Pharma. Both attended Miami for their undergraduate degrees.
Stather’s chicken chain (NASDAQ: LOCO), based in Costa Mesa, Calif., debuted on the NASDAQ in July with an IPO price of $15. Shares of the company opened at $19 and surged to $24 by the end of its first day. Forbes credits the chain with emulating Chipotle’s rapid growth, which has also gained investors’ attention.
Coppell, Texas-based ZS Pharma (NASDAQ: ZSPH) also met success on its first day of public trading in June, with a debut at $27.21. That beat the projected range of $15 to $17 and brought approximately $112 million in net profit.
As far as the list of national institutions goes, Miami tied for third with eight other universities. It followed No. 1 Harvard, which had seven grads that led IPOs as well as Columbia, Stanford, Texas Tech the University of North Carolina that had three such execs.