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Globe and Mail
15 hours ago
- Business
- Globe and Mail
McGraw Hill Announces Pricing of its Initial Public Offering
McGraw Hill, Inc. ('McGraw Hill'), a leading global provider of information solutions for education, today announced the pricing of its initial public offering of 24,390,000 shares of its common stock (the 'Common Stock') at a public offering price of $17.00 per share. The shares of McGraw Hill's Common Stock are expected to begin trading on the New York Stock Exchange under the ticker symbol 'MH' on July 24, 2025, and the offering is expected to close on July 25, 2025, subject to customary closing conditions. McGraw Hill will receive proceeds of approximately $385,697,545 million after deducting underwriting discount and commissions and estimated offering expenses and intends to use the net proceeds from the offering to repay a portion of the outstanding borrowings under its term loan credit facility. In addition, the selling stockholder identified in the registration statement has granted the underwriters a 30-day option to purchase up to an additional 3,658,500 shares (solely to cover over-allotments, if any) of McGraw Hill's Common Stock at the initial public offering price, less underwriting discounts and commissions. McGraw Hill will not receive any proceeds from the sale of shares by the selling stockholder if the underwriters exercise their option to purchase additional shares of Common Stock. Goldman Sachs & Co. LLC is acting as book-running manager for the proposed offering and as representative of the underwriters for the proposed offering. BMO Capital Markets, J.P. Morgan, Macquarie Capital, Morgan Stanley, Deutsche Bank Securities, and UBS Investment Bank are acting as bookrunners for the proposed offering. Baird, BTIG, Needham & Company, Rothschild & Co, Stifel, and William Blair are acting as co-managers for the proposed offering. The proposed offering is being made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained from: Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282 (Tel: 866-471-2526) or by e-mail at prospectus-ny@ A registration statement relating to the Common Stock has been filed with, and was declared effective by, the U.S. Securities and Exchange Commission on July 23, 2025. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the Common Stock, nor shall there be any sale of the Common Stock in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About McGraw Hill McGraw Hill is a leading global provider of education solutions for preK-12, higher education and professional learning, supporting the evolving needs of millions of educators and students around the world. We provide trusted, high-quality content and personalized learning experiences that use data, technology and learning science to help students progress towards their goals. Through our commitment to fostering a culture of innovation and belonging, we are dedicated to improving outcomes and access to education for all. We have over 30 offices across North America, Asia, Australia, Europe, the Middle East and South America, and make our learning solutions available in more than 80 languages.
Yahoo
2 days ago
- Business
- Yahoo
B2Gold Corp (BTG) Rated as a Buy at BMO Capital
B2Gold Corp. (NYSE:BTG) is one of the best high-return penny stocks to buy now. On July 11, BMO Capital Markets analysts reiterated a 'Buy' rating on the stock. The Buy rating is based on the Canadian gold miner's series of positive updates. A close-up of a technician using advanced geological-surveying equipment, evaluating a gold deposit. The company has already announced a $740 million investment as it seeks to initiate its Gramalote gold project in Colombia. Once fully operational, the mine is expected to become a significant production asset yielding an average annual output of 177,000 ounces over 13-year mine life. It is also expected to average 227,000 ounces annually. In addition, B2Gold achieved a significant milestone with the first gold pour at the Goose Mine in Nunavut, Canada. The mine is in the process of ramping up to full production and is poised to become operational, producing between 120,000 and 150,000 ounces of gold per year. Consequently, the company remains well-positioned to capitalize on soaring gold prices as it ramps up production. B2Gold Corp. (NYSE:BTG) is involved in acquiring mineral properties, exploring, developing, and operating gold mines. The company extracts gold ore, processes it into gold doré bars, and sells them on the global market. It maintains operations in several countries, including Mali, Namibia, and the Philippines. While we acknowledge the potential of BTG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Chemical Stocks to Buy According to Billionaires and 7 Most Undervalued Pot Stocks To Buy According To Analysts. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
BMO Capital Markets lead financial adviser in metals & mining M&A rankings for H1 2025
BMO Capital Markets leads the mergers and acquisitions (M&A) rankings for financial advisers in the metals and mining sector, both by deal value and volume, for the first half of 2025 (H1 2025), according to the latest league table published by GlobalData, a data and analytics company. As per GlobalData's Deals Database, BMO Capital Markets secured its top spot by advising on seven transactions, which collectively amounted to $4.1bn. In the value category, Macquarie held second position, advising on deals worth $2.3bn. The third place was a tie between GenCap Mining Advisory and National Bank of Canada, with each advising on deals valued at $2.1bn. In terms of deal volume, Canaccord Genuity Group took second spot, having advised on four deals. It was followed by a trio of companies – INFOR Financial, Evans & Evans and SP Angel Corporate Finance – each also contributing to four deals. GlobalData lead analyst Aurojyoti Bose said: 'There was an year-on-year (YoY) improvement in the total volume and value of deals advised by BMO Capital Markets in H1 2025 as well as its rankings by these metrics. However, the growth was more prominent in terms of value. 'BMO Capital Markets' ranking by volume improved from the third position to the top position. Meanwhile, its ranking in terms of value jumped from 18th position to the top position. It is also noteworthy that the company registered more than a six-fold jump in the total value of deals advised by it in H1 2025.' GlobalData's league tables are based on the real-time tracking of thousands of company websites, advisory firm websites and other reliable sources available on the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names. To ensure further robustness to the data, the company also seeks submissions of deals from leading advisers. "BMO Capital Markets lead financial adviser in metals & mining M&A rankings for H1 2025" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
2 days ago
- Business
- Globe and Mail
Bombardier Inc: Analysts Get More Bullish with Valuation Increases
Bombardier Inc. (BBD-B:CA) (BDRBF) Bombardier Inc. has recently received 3 positive analyst revisions, signaling growing confidence in the company's fundamentals and future outlook. On July 21, 2025, three major analysts — Citigroup, BMO Capital Markets, and CIBC — all raised their 12-month price targets on Bombardier stock, reflecting bullish sentiment on the aerospace firm's earnings momentum, strong order backlog, and continued focus on debt reduction and margin expansion. Summary of Analyst Revisions: Citigroup upgraded its price target significantly from C$109 to C$195, while maintaining a 'Buy' rating. Citigroup's aggressive target boost likely reflects optimism about Bombardier's expanding business jet market, improving free cash flow, and execution on cost controls. The 'Buy' stance underscores Citigroup's belief that the market continues to undervalue Bombardier's turnaround story and growth potential in premium aviation segments. BMO Capital Markets raised its price target from C$150 to C$185. BMO likely sees strong fundamentals behind Bombardier's delivery schedule, order pipeline, and potential to hit financial guidance for 2025. CIBC increased its target from C$167 to C$181, while maintaining the firm's 'Outperform' rating. CIBC's more measured increase still highlights a positive bias, possibly tied to recent quarterly results or an improving global macro environment for business jet demand. The relatively conservative bump could reflect a more balanced view on valuation or execution risks. Stock Forecast This coordinated wave of target increases suggests that analysts are aligned in recognizing upside potential for Bombardier, driven by a mix of internal performance and favorable sector trends. The stock appears to be regaining analyst confidence with the magnitude of the target increases which points to a bullish shift in sentiment. Investors may interpret this as a validation of Bombardier's turnaround strategy, especially in an environment where capital discipline, aerospace demand, and margin expansion are being closely watched. Bombardier Inc. currently holds a consensus analyst rating of 'Buy', indicating a broadly positive outlook from the investment community. This rating reflects the collective confidence of analysts in the company's strategic direction, improving financial health, and growth prospects within the global business jet market. The most recent average 12-month price target for Bombardier is C$170 per share, reflecting analysts' generally optimistic outlook on the company's performance over the coming year. This target suggests that analysts believe Bombardier's stock has some further room to grow from its current trading levels. The C$170 target is based on a consensus of analyst estimates, which typically factor in Bombardier's financial results, order book strength, macroeconomic trends, and competitive positioning within the aerospace sector.
CNBC
3 days ago
- Business
- CNBC
BMO's Kostas Biliouris: It will be challenging for the FDA to force a market withdrawal for Sarepta
Kostas Biliouris, BMO Capital Markets biotech analyst, joins CNBC's 'Squawk on the Street' to discuss the latest details on Sarepta after the company declined the FDA's request to halt shipments of its gene therapy.
