Learning management platform Instructure Holdings prices IPO at $20 midpoint
Instructure Holdings, which provides a learning management platform, raised $250 million by offering 12.5 million shares at $20, within the range of $19 to $21.
Instructure states that it provides a next-generation Learning Management System (LMS), assessments for learning, actionable analytics, and dynamic content. The company's platform is cloud-native, built on open technologies, and scalable across thousands of institutions and tens of millions of users worldwide. It states that it is the LMS market share leader in both Higher Education and paid K-12, with over 6,000 global customers across 90 countries.
Instructure Holdings plans to list on the NYSE under the symbol INST. Morgan Stanley, J.P. Morgan, Citi, Jefferies, and Macquarie Capital acted as joint bookrunners on the deal.
The article Learning management platform Instructure Holdings prices IPO at $20 midpoint originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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