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

July 22, 2021 7:40 AM | 26 seconds read

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.

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