Instructure Completes $250 Million IPO

Technology & Services

Instructure IPO


Summary

Instructure Holdings, Inc. ("Instructure ") (NYSE: INST), recently completed an initial public offering of 12,500,000 shares of common stock at a price of $20.00 per share, generating gross proceeds of approximately $250.0 million. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,875,000 shares at the public offering price, less the underwriting discount. The Company intends to use the net proceeds from the offering to repay outstanding borrowings and increase financial flexibility.

Baird served as a co-manager on this offering.

About

Instructure Holdings, Inc. personalizes, simplifies, organizes and automates the entire learning lifecycle through their comprehensive learning platform, delivering the elements that leaders, teachers and learners need – a next generation Learning Management System (“LMS”), robust assessments for learning, actionable analytics and engaging, dynamic content. Instructure is headquartered in Salt Lake City, Utah.
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Technology & Services

Instructure IPO

Date
July 2021
Company
Instructure Holdings, Inc.
Transaction
Equity Capital Markets
Sectors
Technology & Services
Verticals
Knowledge Solutions
Target Location
North America

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