COUR - Instructure Holdings sets $19-$21/share IPO range valuing online-learning firm at ~$3B

PictureLake/E+ via Getty Images Instructure Holdings (INST) released details Tuesday for a planned IPO that will value the online-education platform at up to $3B and return it to the public market a year after Thoma Bravo took the company private. Instructure wrote in a revised S-1 filing with the U.S. Securities and Exchange Commission that it plans to offer 12.5M shares at an expected $19- to $21-per-share range. The company will also grant underwriters the option to buy as many as about 1.9M extra shares for overallotments. Plans call for the Instructure to trade on the New York Stock Exchange under the ticker symbol “INST.” Instructure operates an online platform that helps universities and K-12 schools in more than 90 countries create educational content, engage in virtual instruction and more. The company wrote in its S-1 filing with the U.S. Securities and Exchange Commission that its more than 6,000 clients

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Instructure Holdings sets $19-$21/share IPO range, valuing online-learning firm at ~$3B