Instructure Completes $250 Million IPO
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.
AboutInstructure 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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- July 2021
- Instructure Holdings, Inc.
- Equity Capital Markets
- Technology & Services
- Target Geography
- North America
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