Platinum Equity-backed McGraw Hill files for US IPO
June 27 (Reuters) - McGraw Hill, an educational courses provider backed by investment firm Platinum Equity, filed for an initial public offering in the United States on Friday.
The move would mark the company's second attempt at going public, after it withdrew its previous IPO filing in 2018.
The company will aim to trade on the NYSE under the symbol "MH". Goldman Sachs is the lead underwriter for the IPO.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
15 minutes ago
- Reuters
NTT seeks up to $864 million in data centre REIT's Singapore IPO, term sheet shows
SYDNEY/SINGAPORE, June 30 (Reuters) - Japanese telecom giant NTT (9432.T), opens new tab is seeking to raise roughly $864 million in a Singapore IPO for a data centre REIT if an overallotment option is included, according to a term sheet that marked the start of the bookbuilding process. NTT DC REIT's portfolio comprises six data centre assets located in the United States, Austria and Singapore, according to a preliminary prospectus filed on Friday. The value of the base offering is between $772 million and $812 million while the overallotment option would add another $51.5 million, the term sheet sheet showed. NTT did not immediately respond to a request for comment. If the yield is priced at 7.5%, the overallotment would exercised. If fully exercised, NTT would be left with a 20% stake in the REIT. The REIT is being marketed at an indicative forecast distribution yield of 7% to 7.5% for July-March on an annualised basis and 7.29% to 7.80% for the next financial year. The REIT would have a market cap of up to $1.08 billion, the term sheet also showed. Bookbuilding is due to end on Friday with listing set for July 14. Cornerstone investors in the IPO include Singapore's sovereign wealth fund GIC ( with a $101 million investment, according to the term sheet. The Singapore Exchange has seen growing interest from companies seeking to list after it announced measures in February to strengthen its equities market, including a 20% tax rebate for primary listings. Hong Kong-listed China Medical System ( opens new tab said last week it had applied for a secondary listing of its shares on the bourse. Other companies seeking to list in Singapore include the city-state's Foundation Healthcare Holdings. IPO proceeds raised on the Singapore Exchange surged more than five-fold to $331.6 million in the first half of this year from a year earlier, while the last listing of similar size was a $977 million IPO for Digital Core REIT ( opens new tab in 2021, according to LSEG.
The Guardian
an hour ago
- The Guardian
Fired federal workers lobby for help on Capitol Hill – is anyone listening?
The Tuesday Group was feeling something familiar as its members milled around a bank of elevators in the bustling basement of a Senate office building: rejection. They had often been told no over the past months – when the government moved to fire them with Donald Trump's blessing, when judges rejected challenges to that decision and when the lawmakers who they have taken to tracking down on Capitol Hill once a week when Congress is in session would turn a deaf ear to their pleas. More than 59,000 federal workers have lost their jobs since Trump took office, according to government data, but those in power have not changed their tune. This Tuesday morning, it was staffers of Maine's Republican senator Susan Collins who had told them no, even after they staged an impromptu sit-in in her office for the better part of a half hour. So they proceeded five floors down to the basement of the Dirksen Senate Office Building, hoping that some senator – any senator – would give them a moment of their time. Then the elevator doors opened and who should come out but Collins. 'Senator Collins!' someone in the group yelled. Another tried to introduce themselves: 'I'm a fired federal worker.' But the senator began waving her hands in front of her in an unmistakable sign of: I don't have time for this. 'Thank you,' Collins said, as she made her way down the hall. 'It's somewhat typical,' observed Whitt Masters, a former USAID contractor who has been unemployed since the end of March, when the company employing him decided to file for bankruptcy after its client began to shut down. 'You know, I don't expect every senator to stop and speak with us. I wish she'd been a bit more approachable, especially since we had spent some time in her office earlier today.' What's been dubbed the Tuesday Group has come around the Capitol since mid-February, as Trump and Elon Musk's campaign to thin out the federal workforce began to bite. Some who show up have been fired, others are on paid leave while a judge considers whether it is legal to fire them, and those who work for USAID expect to officially lose their jobs next Tuesday, when the agency shuts down. Democrats often welcome them, but when it comes to the Republicans who control Congress – and are weighing legislation to codify some cuts and make deeper ones in the next fiscal year – the reception has been uneven. They've been ignored, blown off and belittled – all things they would experience last Tuesday, their 17th visit to the Hill. Their encounter with Collins fruitless, the group formed something of a gauntlet at the intersection of a hallway leading between office buildings and to the Senate subway, a place where lawmakers were sure to pass on a scorcher of a day. They would call out to any face they recognized, but the group of 10 was nothing a determined senator couldn't handle. Montana Republican Tim Sheehy speed-walked by with a reporter and cameraman in pursuit; Washington Democrat Patty Murray pounded past in sneakers; and Arkansas Republican John Boozman ambled through alone, displaying no sign that he knew the group was even there. 'Would you like to hear how we are impacting your constituents?' asked Stephie Duliepre, who was fired from her Science for Development fellowship program at USAID, when Tennessee Republican Marsha Blackburn came around the corner. The senator pushed on, the answer apparently being no. John Hoeven, a Republican from North Dakota, exited a stairwell that deposited him right in the middle of the group. He appeared to recognize them – on a previous visit, attendees said that Hoeven had discussed his support for folding a major USAID food assistance program into the state department. 'I see you're still working on it,' he quipped, before heading off. The Democrats they encountered uttered words of encouragement, and a few stopped to talk. 'Don't give up,' Dick Durbin of Illinois said when he encountered the group. 'I'm with you,' Tammy Baldwin of Wisconsin called out. South Carolina Republican Lindsey Graham attempted the silent treatment as he came past, but Amelia Hertzberg, who was on administrative leave from her job in the Environmental Protection Agency, was not having it. She followed him down the hall, and started prancing around to get his attention. 'You have a bright future,' Hertzberg recalls the senator saying. 'Well, I was going to have a bright future, and then I was fired,' she replied. The group spotted Josh Hawley, a Missouri Republican and prominent Trump ally. 'Senator Hawley, these are fired federal workers. Do you have a second to talk to them?' asked Melissa Byrne, a community organizer who had put together the group. 'No,' he replied. The group was aghast, but they'd been treated worse. When Mack Schroeder encountered Indiana Republican Jim Banks one Tuesday and introduced himself as having been fired from the Department of Health and Human Services, the senator replied, 'You probably deserved it,' before calling him 'a clown'. That was in April. The incident made the news, Banks refused to apologize, and the Tuesday Group kept showing up. 'I've spoken to the media and been on the radio. I've called my senators, my representatives, and it feels a little bit like shouting into a void,' said Hertzberg, who has made about 12 visits to the Capitol now. 'So it feels good to go into senator's offices and be there and take up space for a while and make them see, or their staff see that there is a person behind all this.'
Auto Blog
an hour ago
- Auto Blog
Is Your State On The List? The Top 10 States Rideshare Users Are Losing Patience
Uber and Lyft are not impressing everyone Ridesharing is becoming increasingly common, and companies like Waymo and Tesla are advancing the service by integrating autonomous technology. However, a new study reveals that some states are far better than others when it comes to this platform's customer support. Blakely Law Firm analyzed online search trends across all 50 U.S. states for over 10 keywords related to 'Uber Customer Support' and 'Lyft Customer Support.' 0:09 / 0:09 The top 10 best value used cars in 2025 Watch More Using data from Google Keyword Planner, the research identified where rideshare users are most actively seeking help, ranking states based on average monthly support-related searches per 100,000 residents. The top ten states where riders are most desperately seeking support, ranked from worst to best, were Georgia, New York, Maryland, Nevada, Illinois, Florida, New Jersey, Connecticut, Massachusetts, and Texas. Uber headquarters, California — Source: Getty New York is having a rough time with ridesharing Regarding the second-worst ranked state, New York, a spokesperson at Blakeley Law Firm said: 'New York is showing a clear sign of growing frustration among rideshare users who are increasingly turning to the internet in search of customer support. Behind each search is a rider facing an unresolved issue—whether it's a billing error, a safety concern, or a lost item. The high concentration of support-related searches in this state suggests deeper systemic concerns with how quickly and effectively these services respond to user needs. To improve the customer experience and restore rider trust, it's essential for rideshare companies operating in New York to invest in more accessible support channels, streamline issue resolution processes, and provide clearer guidance to users facing challenges.' New York City residents also face expensive rideshare service charges, with a one-way run from Manhattan to JFK costing anywhere from $75 to over $100. However, the state's unfavorable placement at the top of this study's rankings could be partially attributed to how companies like Lyft and Uber treat their drivers. Lyft app — Source: Getty Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. A Bloomberg investigation last October found that Uber and Lyft routinely locked drivers out of their apps to erase some of the drivers' working time from records, allowing the companies to boost profits and circumvent New York City's minimum pay rule. The city's minimum pay rule for rideshare drivers is based on the ratio of time spent driving versus waiting. Locking workers out of the apps made it appear as if drivers were busier, reducing the minimum amounts Uber and Lyft had to pay. This week, New York City's Taxi and Limousine Commission voted to raise minimum pay standards for Uber and Lyft drivers by 5% and adopt new regulations curbing app lockouts. Final thoughts While states like New York were surveyed as struggling with rideshare service satisfaction among customers, recent changes to New York City laws aiding drivers could boost the platform's quality of service, reducing the likelihood of problems emerging requiring customer support. Still, according to the survey, companies like Uber and Lyft need to improve response times in several states and provide more precise guidance to those seeking assistance. It's also fair to wonder why these resources weren't available when these two companies posted their strongest financial results ever in 2024. Uber and Lyft's reported customer service struggles in states like Georgia also give emerging autonomous rideshare players, such as Waymo, a chance to enter these markets and gain traction with quality rider support. About the Author Cody Carlson View Profile
