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.
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.
The offering of these securities will be made only by means of a
prospectus. When available, copies of the final prospectus relating
to this offering may be obtained from: Morgan Stanley &
Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10282, Attn: Prospectus
Department.
A registration statement relating to these securities has been
filed with, and declared effective on July
21, 2021, the Securities and Exchange Commission. This press
release does not constitute an offer to sell or the solicitation of
an offer to buy these securities, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. Any offers, solicitations or offers to buy, or any
sales of securities will be made in accordance with the
registration requirements of the Securities Act of 1933, as
amended.
About Instructure
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.
For More Information:
Media
Relations:
Cory Edwards
Vice President, Corporate Communications
Instructure
(801) 869-5258
cory@instructure.com
Investor Relations:
April Scee
Managing Director
ICR, Inc.
(917) 497-8992
april.scee@icrinc.com
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SOURCE Instructure