Instructure (INST) Announces 12.5M Share IPO at $20/sh

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Go back to Instructure (INST) Announces 12.5M Share IPO at $20/sh

Instructure Announces Pricing of Initial Public Offering

July 22, 2021 12:27 AM EDT

SALT LAKE CITY, July 21, 2021 /PRNewswire/ -- Instructure Holdings, Inc. (Instructure) today announced the pricing of its initial public offering of 12,500,000 shares of its common stock at a price to the public of $20.00. In addition, Instructure has granted the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of Instructure's common stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the New York Stock Exchange (NYSE) under the ticker symbol "INST" on July 22, 2021, and the offering is expected to close on July 26, 2021, subject to customary closing conditions.

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