U.S. Publisher McGraw Hill To Go Public At $4.2 Billion Valuation
U.S. publisher McGraw Hill is planning to hold an initial public offering (IPO) at a valuation of $4.2 billion U.S.
Based in Columbus, Ohio, McGraw Hill is one of the most recognized names in the publishing industry with a global sales team of nearly 1,500 people.
The company is best known for producing school textbooks, although it has branched out into digital learning tools and adaptive technologies in recent years.
McGraw Hill is looking to raise up to $537 million U.S. by issuing 24.39 million shares priced between $19 U.S. and $22 U.S. apiece.
An exact date for the IPO has not yet been set. But the company plans to trade on the New York Stock Exchange (NYSE) under the ticker symbol “MH.”
McGraw Hill is the latest in a series of U.S. companies that have gone public this year, following CoreWeave (CRWV) and Circle (CRCL) in recent months.
Market hopefuls are tapping public markets as investor sentiment remains largely bullish.
The U.S. IPO market has gotten a lift since U.S. President Donald Trump returned to the White House in January of this year, and as trade and tariff turmoil has settled down.
Wall Street investment bank Goldman Sachs (GS) is serving as the lead underwriter for McGraw Hill’s upcoming IPO.
