IELTS co-owner's value halves in 1 day amid global student visa crackdown
The market capitalisation of Australia's IDP Education, which co-owns IELTS English language exam, fell 48% and marked the biggest single-day fall in shares in the company's history after it predicted a fall in profits in fiscal 2025. The company said student policies remain restrictive in Canada, Australia, UK and US. IDP's shares are now trading at near eight-year lows.