Instructure Holdings Raises $250M Via IPO At $20 Per Share, Trading Begins Today

  • Education technology company Instructure Holdings Inc INST priced 12.5 million shares at $20 per share in its initial public offering.
  • It earlier planned to price IPO at $19.00 to $21.00 per share.
  • The estimated gross proceeds are $250 million.
  • The underwriters have a 30-day option to purchase additional shares up to 1.9 million.
  • The shares are likely to begin trading on the NYSE under the ticker symbol "INST" today.

Posted In: NewsIPOsTechBriefs