Publisher McGraw Hill says it has raised $415-million in its U.S. initial public offering
The company sold 24,390,000 shares, priced at US$17 each, below its marketed range of US$19 to US$22. The offering valued McGraw at US$3.25-billion.
The IPO market is gaining momentum on the back of a rally in equities and some stellar debuts in recent months.
Private equity sponsors, who have been sitting on a massive backlog of portfolio companies waiting to go public, are looking to capitalize on this window.
McGraw Hill will debut on the New York Stock Exchange on Thursday, nearly 13 years after it was taken private by Apollo . The private-equity giant had also attempted to re-list the company in 2015.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
12 hours ago
- Globe and Mail
Coinbase Global Announces $2.6 Billion Notes Offering
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Coinbase Global ( (COIN)) just unveiled an update. On August 5, 2025, Coinbase Global announced the pricing of its upsized offering of $2.6 billion in 0% convertible senior notes due in 2029 and 2032. The company plans to use the proceeds for general corporate purposes, including potential investments and acquisitions, and to manage existing debt, which could impact its financial flexibility and market positioning. The most recent analyst rating on (COIN) stock is a Hold with a $196.00 price target. To see the full list of analyst forecasts on Coinbase Global stock, see the COIN Stock Forecast page. Spark's Take on COIN Stock According to Spark, TipRanks' AI Analyst, COIN is a Neutral. Coinbase's overall stock score of 67 reflects strong financial performance and strategic growth initiatives highlighted in the earnings call, particularly in derivatives and stablecoin payments. Technical analysis presents mixed signals with potential downward pressure, and the valuation suggests the stock may be overvalued, offsetting some of the positive earnings call insights. To see Spark's full report on COIN stock, click here. Coinbase Global, Inc. operates in the cryptocurrency industry, providing a platform for buying, selling, and managing digital currency. It focuses on serving institutional investors and retail customers, offering a range of services including trading, custody, and various financial products related to cryptocurrencies. Average Trading Volume: 15,070,914 Technical Sentiment Signal: Buy Current Market Cap: $81.11B See more insights into COIN stock on TipRanks' Stock Analysis page.
Globe and Mail
17 hours ago
- Globe and Mail
AI Is on Sale: 2 Stocks Worth Buying Before the Next Surge
Key Points One of the companies discussed in this article is using AI to win a bigger share of the lucrative digital advertising market. The other company in focus in this piece is enabling the AI revolution through its semiconductor manufacturing equipment, and it seems well-positioned to accelerate its growth. 10 stocks we like better than Meta Platforms › Artificial intelligence (AI) is projected to have a profound impact on the global economy in the long run by driving up productivity levels, spurring customers and businesses to spend money on AI-related applications. According to market research firm IDC, AI could account for 3.5%, or almost $20 trillion, of the global gross domestic product (GDP) by the end of the decade. This explains why investors have been betting big on AI stocks over the past three years, and that's why many of the names benefiting from the rapid adoption of this technology are now trading at expensive multiples. Hardware giants such as Nvidia and Broadcom sport rich earnings multiples, while software specialists such as Palantir and Snowflake are also expensive. However, if you have missed the AI-fueled rally in shares of the above-mentioned companies in the past year, it would be a good time to take a closer look at Meta Platforms (NASDAQ: META) and Lam Research (NASDAQ: LRCX). These companies are making the most of the global AI rollout, and importantly, they are trading at attractive multiples right now. Let's look at the reasons why buying these two AI stocks right now could turn out to be a smart long-term move. 1. Meta Platforms AI is turning out to be a nice catalyst for digital advertising giant Meta Platforms, which has been offering its AI-powered advertising tools to advertisers and brands to improve audience targeting and reduce costs simultaneously. On the company's latest earnings conference call, management pointed out that AI tools have led to a 5% jump in ad conversions on Instagram, along with a 3% improvement on Facebook. Moreover, Meta's users are now spending more time on its apps thanks to AI-powered content recommendations. The time users spent on Facebook and Instagram increased by 5% and 6%, respectively, in the previous quarter. These factors explain why Meta reported a solid increase of 22%, to $47.5 billion, in its Q2 revenue. Its bottom-line growth was even better, with adjusted earnings per share jumping by 38% year over year to $7.14 per share. The numbers crushed Wall Street's expectations, fueling a big jump in Meta's stock price following the release of its results on July 30. Meta benefited from a 9% year-over-year jump in the average price per ad served during the quarter. Also, the AI-driven improvement in user engagement led to an 11% increase in ad impressions delivered by the company in the previous quarter. Additionally, more advertisers on Meta's platform are now using its generative AI ad tools to create and optimize the performance of their campaigns. Meta says that almost 2 million advertisers are now using its AI video generation tools, while the adoption of its text generation tools is also improving. Looking forward, Meta's AI ad tools are likely to be adopted by more advertisers, as the company reports they significantly boost advertising returns. A study conducted by the company earlier this year revealed that its AI advertising tools are delivering a "22% improvement in return on ad spend for advertisers." It won't be surprising to see advertisers funneling those savings back into Meta's advertising solutions to reach a bigger audience, thereby leading to further growth in the social media giant's revenue and earnings. As such, it is easy to see why analysts have increased their earnings growth expectations for Meta. META EPS Estimates for Current Fiscal Year data by YCharts. EPS = earnings per share. The best part is that investors can buy this tech stock at an extremely attractive 27 times earnings, which is lower than the tech-laden Nasdaq-100 index's earnings multiple of almost 33. Buying Meta at this valuation looks like a no-brainer, as the company can gain a bigger share of the digital ad market thanks to the AI-powered gains it is delivering to advertisers. 2. Lam Research Semiconductors are powering the AI revolution. Complex chip systems capable of tackling huge workloads are necessary to train and deploy AI models in data centers. This is why companies such as Nvidia, Broadcom, AMD, and Taiwan Semiconductor Manufacturing Company (TSMC) have seen healthy growth in their revenue and earnings in the past couple of years. However, the chips that the companies mentioned above design and fabricate wouldn't have been possible without the semiconductor manufacturing equipment sold by the likes of Lam Research. The company sells wafer and fabrication equipment (WFE) to foundries such as TSMC and Intel and to memory manufacturers like Samsung, Micron, and SK Hynix. These companies have been increasing their capital expenditure budgets to make more AI-focused chips. Unsurprisingly, industry association SEMI is projecting a 6.2% increase in WFE spending in 2025, followed by a bigger jump of 10.2% in 2026. It is worth noting that SEMI increased its WFE spending guidance last month. The good part is that Lam is already benefiting from the improved spending on semiconductor equipment. The company released its fiscal 2025 results on July 30. It reported a 23% year-over-year increase in annual revenue to $18.4 billion. Its diluted earnings per share increased at a faster pace of 43% to $4.15 per share last fiscal year. The stronger WFE spending forecast going forward explains why Lam's outlook was a solid one. It is expecting $5.2 billion in revenue in the current quarter, which is well ahead of the $4.63 billion consensus estimate. That would translate into a year-over-year increase of 25% in its top line. Lam seems capable of sustaining this healthy momentum throughout the year on the back of an increase in AI-focused semiconductor capacity. As such, don't be surprised to see Lam's revenue growth in the current fiscal year exceeding the 8% increase that analysts are projecting. The following chart tells us that Wall Street analysts expect Lam to clock healthy double-digit earnings growth rates. That looks reasonable, considering the 24% annual growth that the AI chip market is expected to clock over the next five years, which should ideally lead to more investments in semiconductor manufacturing capacity. LRCX EPS Estimates for Current Fiscal Year data by YCharts. EPS = earnings per share. In the end, there is a possibility that Lam will grow at a stronger pace than Wall Street's expectations in the long run, and this should pave the way for more upside in this AI stock. With Lam trading at just 23 times trailing earnings, investors are getting a great deal on this stock right now, and they may not want to miss it, considering the AI-fueled gains it could deliver. Should you invest $1,000 in Meta Platforms right now? Before you buy stock in Meta Platforms, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Meta Platforms wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,563!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,108,033!* Now, it's worth noting Stock Advisor's total average return is 1,047% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Intel, Lam Research, Meta Platforms, Nvidia, Palantir Technologies, Snowflake, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Broadcom and recommends the following options: short August 2025 $24 calls on Intel. The Motley Fool has a disclosure policy.
Globe and Mail
17 hours ago
- Globe and Mail
3 Growth Stocks Down 8% to 77% to Buy in August
Key Points Wall Street found things to be disappointed about in Amazon's quarterly report despite a phenomenal quarter, but it's already overcorrected. This growing drive-thru chain has an edge that spells excellent long-term prospects. This restaurant chain has had a rough year, but a recovery could be around the corner. 10 stocks we like better than Amazon › Investors should never let market volatility scare them out of a good investment. Stocks of growing companies will usually experience greater volatility than the market average. But investors that ignore those fluctuations and keep regularly buying shares of growing companies will come out ahead over the long run. Three contributors see great deals right now for fallen growth stocks like Amazon (NASDAQ: AMZN), Dutch Bros (NYSE: BROS), and Sweetgreen (NYSE: SG). Here's why they believe these stocks are solid investments for a long-term investor. Amazon: Down 8.5% Jennifer Saibil (Amazon): Amazon reported spectacular results for the 2025 second quarter last week, but its stock dropped on the news. While there was a lot to be excited about, the market seemed to home in on certain qualities that didn't fully meet its expectations, and that has created an excellent opportunity for investors who haven't pressed the buy button yet. Sales growth was strong at 13% year over year, beating expectations. Let's not forget that Amazon is the second-largest company in the U.S. by sales, and to be able to still deliver double-digit sales growth is an impressive feat. It reached $167.7 billion in sales, ahead of Walmart 's $165.6 billion in sales in its most recent quarter, and Amazon is on track to become the largest company in the U.S. by sales. Operating income surged to $19.2 billion, up from $14.7 billion last year, easily topping its guidance. But that wasn't enough for Wall Street. The market seems to have been spooked by the outlook for operating margin coming in slightly below expectations. Management is shooting for $15.5 billion to $20.5 billion in third-quarter operating income, and Wall Street is expecting $19.5 billion. It also wasn't thrilled with the performance of Amazon Web Services (AWS), Amazon's cloud business. AWS sales were up 17.5% year over year in the quarter, but that was nowhere near the growth of its two biggest rivals, Microsoft 's Azure and Alphabet, which increased 39% and 32%. However, AWS is much bigger than both of them, and in dollar amounts, its increase surpassed them. CEO Andy Jassy made some remarks about the artificial intelligence (AI) business that may have sounded worse than he expected. He explained that it couldn't meet demand right now, which is why it's investing heavily in the platform. While that could lead clients to find somewhere else to meet their demand, the high demand implied should be great for Amazon down the line, as long as it can build out fast enough to keep it going. Amazon stock is down 8.5% from its highs, already making its way back up as investors recognize the opportunity to buy on the dip. This was an overcorrection, and now it's a great chance to buy before it reaches new highs. Dutch Bros: Down 33% John Ballard (Dutch Bros): Dutch Bros has all the ingredients of a growth stock set up to deliver multi-bagger returns for patient shareholders. It's tapping into growing demand for specialty beverages. The business was founded in 1992, but it's still early in its nationwide U.S. expansion plans. Analysts expect revenue to grow at a compound annual rate of 23% over the next few years. This is in line with the company's current pace of shop openings and same-shop sales trends, which have hovered around the low to mid-single-digit level over the last few years. It currently has over 1,000 shops in 18 states, but management sees tremendous growth potential supporting as many as 7,000 locations over the long term. Dutch Bros is outperforming Starbucks, which has experienced problems growing sales recently. One reason for Dutch Bros' success is that it likes to hire shop managers from within the company. Even some of the company's franchise partners started out working for Dutch Bros as "broistas." This can help promote consistency throughout the company's shops, which is an important quality to look for in any restaurant chain. Another quality that leads me to have high conviction in the future of this brand is that it is very popular among Gen Z. Dutch Bros offers a fun-loving atmosphere and a focus on the drive-thru experience, and it goes out of its way to delight customers with limited time offerings, such as the recent rubber duck giveaway with every purchase. The little things can go a long way in winning loyal customers, and Dutch Bros seems to understand this well. The stock is currently down about 33% from its 52-week high. I would consider taking advantage of the dip and adding shares, especially for investors who are interested in finding promising new restaurant brands in the early stages of expansion. Sweetgreen: Down 77% Jeremy Bowman (Sweetgreen): Restaurant stocks have struggled this year as a combination of fears about tariffs and weak consumer discretionary spending have weighed on both business results and stock performance. Sweetgreen, the promising fast-casual salad chain, has been one of the worst-performing stocks in the industry. The stock is now down 61% year to date, and is off 77% from its all-time high shortly after the company went public in late 2021. It's understandable why Sweetgreen is down based on its recent results. In its first quarter, same-store sales declined 3.1%, and revenue rose just 5.4%. Sweetgreen has also been unprofitable throughout its history. However, the chain is still small with roughly 250 locations, and it is popular as its restaurants generate average sales of $2.9 million. That puts it on par with Chipotle, one of the most successful restaurant stocks in history. Sweetgreen has also been unprofitable in part because it's invested in its Infinite Kitchen program, an automated system that measures and dispenses ingredients and helps prep its salad bowls. That innovation seems likely to pay off over the long run. Management has said that restaurants with the Infinite Kitchen generate higher sales, as it helps increase throughput and customer service, in addition to saving on labor costs. Sweetgreen's comparisons are expected to get easier in the second half of the year, which could turn comparable sales positive. The company expects to open at least 1,000 stores over the long term, meaning it has a long growth runway ahead. Investors who take advantage of the discount are likely to be rewarded. Should you invest $1,000 in Amazon right now? Before you buy stock in Amazon, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Amazon wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,563!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,108,033!* Now, it's worth noting Stock Advisor's total average return is 1,047% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Jennifer Saibil has positions in Walmart. Jeremy Bowman has positions in Amazon, Chipotle Mexican Grill, Starbucks, and Sweetgreen. John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Chipotle Mexican Grill, Microsoft, Starbucks, and Walmart. The Motley Fool recommends Dutch Bros and Sweetgreen and recommends the following options: long January 2026 $395 calls on Microsoft, short January 2026 $405 calls on Microsoft, and short September 2025 $60 calls on Chipotle Mexican Grill. The Motley Fool has a disclosure policy.
