Instructure announces the price of its initial public offering

SALT LAKE CITY, July 21, 2021 / PRNewswire / – Instructure Holdings, Inc. (Instructure) today announced the price of its initial public offering of 12,500,000 common shares at a public price of $ 20.00. In addition, Instructure has granted the underwriters a 30-day option to purchase up to 1,875,000 additional common shares of Instructure at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the New York Stock Exchange (NYSE) under the ticker symbol “INST” on July 22, 2021, and the offer should close on July 26, 2021, subject to customary closing conditions.

Morgan Stanley & Co. LLC, JP Morgan Securities LLC, Citigroup Global Markets Inc., Jefferies LLC and Macquarie Capital (United States) Inc. act as book managers for the offer. Robert W. Baird & Co. Incorporated, BTIG LLC, Raymond James & Associates, Inc., Truist Securities, Inc., Guillaume Blair & Company, LLC, Academy Securities, Inc., CL King & Associates, Inc., Drexel hamilton, LLC and Samuel A. Ramirez & Company, Inc. act as co-managers of the offering.

The offer of these securities will be made only by means of a prospectus. When available, copies of the final prospectus relating to this offering may be obtained from: Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York State 10282, for the attention of: Service Prospectus.

A registration declaration relating to these securities has been filed with, and declared effective on July 21, 2021, the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy such securities, and there will be no sale of such securities in any state or jurisdiction where such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer, solicitation or offer to buy, or sale of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

About the infrastructure

Instructure is an educational technology company dedicated to helping everyone learn together. We amplify the power of teaching and elevate the learning process, leading to better outcomes for students. Today, Instructure supports more than 30 million educators and learners in more than 6,000 organizations around the world.

For more information:
Media Relations:
Cory edwards
Vice-President, Corporate Communications
Instruct
(801) 869-5258
[email protected]

Investor Relations:
April Scee
General manager
ICR, Inc.
(917) 497-8992
[email protected]

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