High materiality8/10
Textbook Publisher McGraw Hill Looks to Raise Up to $537M in IPO
Why it may matterVerify against the original reporting
The IPO pricing indicates positive market demand, similar to past successful education sector IPOs.
Public signal · 1-minute delayed
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What happened, with direct paths to the underlying reporting
McGraw Hill sets IPO price between $19 and $22 per share. Valuation of McGraw Hill at approximately $4 billion post-IPO. Company plans to pay off debts with IPO proceeds. McGraw Hill reported revenues of $2.10 billion and $1.96 billion. No dividends planned for shares after going public.
- McGraw Hill sets IPO price between $19 and $22 per share.
- Valuation of McGraw Hill at approximately $4 billion post-IPO.
- Company plans to pay off debts with IPO proceeds.
- McGraw Hill reported revenues of $2.10 billion and $1.96 billion.
- No dividends planned for shares after going public.
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