Latest news with #textbooks
Fast Company
24-07-2025
- Business
- Fast Company
McGraw Hill IPO: Stock price will be closely watched today as the education publisher lists on NYSE
BY Listen to this Article More info 0:00 / 3:43 A company that has name recognition among both students and their parents is going public today. McGraw Hill, the education publisher, has priced its initial public offering of shares and is expected to make its market debut on the New York Stock Exchange (NYSE). Here's what you need to know about McGraw Hill's IPO What is McGraw Hill? If you've ever been a student, you've likely come across the name McGraw Hill. The company is one of the largest educational publishers in the world. It produces myriad educational materials, from the textbooks used in classrooms across the country to digital learning platform software for teachers. McGraw Hill is one of the oldest education companies operating in America. It was founded over 137 years ago in 1888 and is currently headquartered in New York City. Though the company is American, it provides educational solutions for countries across the world. Currently, its educational products are available in more than 80 languages. The brand has been in the hands of private equity for more than a decade. It was purchased from its former parent company by Apollo Global Management in 2013 and later sold to Platinum Equity for $4.5 billion. From textbooks to digital While McGraw Hill has historically been one of the biggest publishers of school textbooks, in recent years, the company has gone all-in on digital education solutions as the world's learning moves online. According to its Form S-1 registration statement, filed with the U.S. Securities and Exchange Commission (SEC), McGraw Hill serves 60 million digital learners each year. Twenty-six million of those learners are paid digital users. For its fiscal year that ended March 31, McGraw Hill says it had an adjusted EBITDA of $727 million, with $1.4 billion in digital revenue. It is the most recent company to go public this year, which has seen renewed interest from investors in initial public offerings. Other recent notable IPOs include listings from Chime, Circle, MNTN, and Hinge Health. When is McGraw Hill's IPO? McGraw Hill priced its shares yesterday and is expected to list today: Thursday, July 24, 2025. The offering was led by Goldman Sachs & Co., along with BMO Capital Markets, J.P. Morgan, Macquarie Capital, Morgan Stanley, Deutsche Bank Securities, and UBS Investment Bank. What is McGraw Hill's stock ticker? McGraw Hill's stock ticker is 'MH.' What exchange will McGraw Hill shares trade on? McGraw Hill shares trade on the New York Stock Exchange (NYSE). What is the IPO share price of MH? McGraw Hill's IPO price is $17 per share. That was below its earlier estimated IPO price range of between $19 and $22 per share. How many MH shares are available in its IPO? According to a company press release, McGraw Hill offered 24,390,000 shares of its common stock in its IPO. How much did McGraw Hill raise in its IPO? McGraw Hill says it received approximately $385,697,545 million from the sale of its shares in its IPO. How much is McGraw Hill worth? At its $17 IPO price, McGraw Hill's market cap is now valued at $3.25 billion, according to Reuters. The super-early-rate deadline for Fast Company's Most Innovative Companies Awards is this Friday, July 25, at 11:59 p.m. PT. Apply today.
Yahoo
24-07-2025
- Business
- Yahoo
Publisher McGraw Hill raises $415 million in US IPO
(Reuters) -U.S. publisher McGraw Hill, backed by investment firm Platinum Equity, said on Wednesday it had raised $414.63 million in its initial public offering in the United States. The company sold 24,390,000 shares, priced at $17 each, below its marketed range of $19 to $22. The offering valued McGraw at $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. It was then sold to Platinum Equity, which will continue to hold 84.6% of McGraw's total outstanding shares after the offering. McGraw Hill is one of the most recognized names in the publishing industry, known for its textbooks and other learning resources, with 82% of U.S. higher education institutions using its products, according to company filings. The company revealed in its IPO filing that revenue rose 7% to over $2 billion for the fiscal year ended March 31. It aims to trade on the NYSE under the ticker symbol "MH".
Yahoo
24-07-2025
- Business
- Yahoo
Publisher McGraw Hill raises $415 million in US IPO
(Reuters) -U.S. publisher McGraw Hill, backed by investment firm Platinum Equity, said on Wednesday it had raised $414.63 million in its initial public offering in the United States. The company sold 24,390,000 shares, priced at $17 each, below its marketed range of $19 to $22. The offering valued McGraw at $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. It was then sold to Platinum Equity, which will continue to hold 84.6% of McGraw's total outstanding shares after the offering. McGraw Hill is one of the most recognized names in the publishing industry, known for its textbooks and other learning resources, with 82% of U.S. higher education institutions using its products, according to company filings. The company revealed in its IPO filing that revenue rose 7% to over $2 billion for the fiscal year ended March 31. It aims to trade on the NYSE under the ticker symbol "MH".
Reuters
24-07-2025
- Business
- Reuters
Publisher McGraw Hill raises $415 million in US IPO
July 23 (Reuters) - U.S. publisher McGraw Hill (MH.N), opens new tab, backed by investment firm Platinum Equity, said on Wednesday it had raised $414.63 million in its initial public offering in the United States. The company sold 24,390,000 shares, priced at $17 each, below its marketed range of $19 to $22. The offering valued McGraw at $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 (APO.N), opens new tab. The private-equity giant had also attempted to re-list the company in 2015. It was then sold to Platinum Equity, which will continue to hold 84.6% of McGraw's total outstanding shares after the offering. McGraw Hill is one of the most recognized names in the publishing industry, known for its textbooks and other learning resources, with 82% of U.S. higher education institutions using its products, according to company filings. The company revealed in its IPO filing that revenue rose 7% to over $2 billion for the fiscal year ended March 31. It aims to trade on the NYSE under the ticker symbol "MH".
RNZ News
08-07-2025
- Business
- RNZ News
Why are our university bookshops closing?
education books 27 minutes ago Last week it was announced the University of Auckland's campus bookshop, UBIQ, will close. In 2023 the Victoria University shop Vic Books also closed after nearly 50 years in business. Not only do these stores help stock students with textbooks, but they can also act as social hubs on campus. So, what are students missing out on without a bookshop on campus? And do we need to do more to support booksellers?
