The story
IDP was established in 1969 as the 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.
In 2006, SEEK acquired 50% of the shares of IDP from the Australian universities consortium Education Australia. Education Australia was formerly known as IDP Education Australia Limited.
In 2015, IDP became a listed company, and SEEK sold its 50% shares to the general public.
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.
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. 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.
From Wikipedia’s article on IDP Education, shared under CC BY-SA 4.0.4