Salt Lake City-based ed tech company Instructure Holdings has announced the pricing of its initial public offering of 12.5 million shares of its common stock at $20 each.
In addition, Instructure has granted the underwriters a 30-day option to purchase up to an additional 1.875 million shares of Instructure’s common stock at the IPO’s offering price. The shares began trading on the New York Stock Exchange last Thursday and the offering is expected to close today.
Morgan Stanley & Co, J.P. Morgan Securities, Citigroup Global Markets, Jefferies and Macquarie Capital (USA) are bookrunning managers for the offering. Robert W. Baird & Co, BTIG, Raymond James & Associates, Truist Securities, William Blair & Company, Academy Securities, C. L. King & Associates, Drexel Hamilton and Samuel A. Ramirez & Company are co-managers for the offering.
Date published: 26 July 2021