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Instructure Prices 4.4M Share IPO @$16.00/Share

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Instructure (NYSE: INST), a provider of a cloud-based learning management platform for academic institutions and companies worldwide, today announced the pricing of its initial public offering of 4,400,000 shares of its common stock at a price to the public of $16.00 per share. In addition, Instructure has granted the underwriters…Instructure (NYSE: INST), a provider of a cloud-based learning management platform for academic institutions and companies worldwide, today announced the pricing of its initial public offering of 4,400,000 shares of its common stock at a price to the public of $16.00 per share. In addition, Instructure has granted the underwriters a 30-day option to purchase up to an additional 660,000 shares of common stock to cover over-allotments, if any. The shares are expected to begin trading on the New York Stock Exchange on November 13, 2015 under the symbol "INST".

Morgan Stanley and Goldman, Sachs & Co. will act as lead joint book-running managers for the offering with Jefferies LLC also acting as a book-running manager. Needham & Company, LLC, Oppenheimer & Co. Inc. and Raymond James & Associates, Inc. will act as co-managers for the offering.

The offering will be made only by means of a prospectus. When available, a copy of the final prospectus related to the offering may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, New York 10014, or Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York,

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Posted-In: News Offerings IPOs Press Releases

 

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