Instructure (INST) IPO Opens 15% Higher

Today's IPO for Instructure (NYSE: INST) opened for trading at $23.05 after pricing 12,500,000 shares of its common stock at a price to the public of $20.00.

Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Jefferies LLC and Macquarie Capital (USA) Inc. are acting as bookrunning managers for the offering. Robert W. Baird & Co. Incorporated, BTIG LLC, Raymond James & Associates, Inc., Truist Securities, Inc., William Blair & Company, L.L.C., Academy Securities, Inc., C. L. King & Associates, Inc., Drexel Hamilton, LLC and Samuel A. Ramirez & Company, Inc. are acting as co-managers for the offering.

Instructure is an education technology company dedicated to helping everyone learn together. We amplify the power of teaching and elevate the learning process, leading to improved student outcomes. Today, Instructure supports more than 30 million educators and learners at more than 6,000 organizations around the world.

You May Also Be Interested In

• AEVEX prices public offering of 8 million shares at $27 each
• Medline completes $2.68 billion secondary stock offering
• Arxis acquires Omnetics and MagCanica for $890 million