Learning management platform Instructure Holdings sets terms for $ 250 million IPO


Instructure Holdings, which provides a learning management platform, announced the terms of its IPO on Tuesday.

The Salt Lake City, Utah-based company plans to raise $ 250 million by offering 12.5 million shares at a price range of $ 19 to $ 21. In the middle of the proposed range, Instructure Holdings would have a fully diluted market value of $ 2.9 billion.

Instructure says it provides a next-generation Learning Management System (LMS), assessments for learning, actionable analytics, and dynamic content. The company’s platform is cloud native, based on open technologies, and scalable across thousands of institutions and tens of millions of users around the world. It claims to be the LMS market share leader in higher education and paid Kindergarten to Grade 12, with more than 6,000 global customers in 90 countries.

Instructure Holdings was founded in 2008 and reported sales of $ 325 million for the 12 months ended March 31, 2021. It expects to be listed on the NYSE under the symbol INST. Morgan Stanley, JP Morgan, Citi, Jefferies and Macquarie Capital are the associated bookkeepers in the transaction. Its price is expected during the week of July 19, 2021.

The article Learning Management Platform Instructure Holdings Sets Terms for $ 250 Million IPO.

Disclosure of investments: The information and opinions expressed in this document have been prepared by Renaissance Capital research analysts and do not constitute an offer to buy or sell any securities. Renaissance Capital’s Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS) or separately managed institutional accounts may have investments in securities of the companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

About Marjorie C. Hudson

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