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COLUMBUS, Ohio - McGraw Hill, Inc., a global provider of educational information solutions, has priced its initial public offering at $17.00 per share, the company announced in a press release statement. The offering consists of 24,390,000 shares of common stock. According to InvestingPro data, the company currently generates $2.1 billion in revenue but faces profitability challenges with negative earnings in the last twelve months.
The company’s shares are expected to begin trading on the New York Stock Exchange under the ticker symbol "NYSE:MH" on Thursday, July 24, 2025, with the offering scheduled to close on Friday, July 25, 2025, subject to customary closing conditions.
McGraw Hill will receive approximately $385.7 million in proceeds after deducting underwriting discounts, commissions, and estimated offering expenses. The company plans to use the net proceeds to repay a portion of its outstanding term loan credit facility. InvestingPro analysis reveals the company maintains a high debt-to-equity ratio of 11.64x, making debt reduction a strategic priority.
The selling stockholder has granted underwriters a 30-day option to purchase up to an additional 3,658,500 shares to cover potential over-allotments. McGraw Hill will not receive proceeds from any shares sold by the selling stockholder.
Goldman Sachs & Co. LLC is serving as the book-running manager and representative of the underwriters for the offering. Additional bookrunners include BMO Capital Markets, J.P. Morgan, Macquarie Capital, Morgan Stanley, Deutsche Bank Securities, and UBS Investment Bank.
McGraw Hill operates in over 30 offices globally and offers learning solutions in more than 80 languages, providing educational content for preK-12, higher education, and professional learning markets. The company demonstrates strong operational efficiency with a 79.9% gross margin and 7.18% revenue growth. Get deeper insights into McGraw Hill’s financial health and growth potential with InvestingPro, which offers exclusive analysis and 6 additional key ProTips.
A registration statement relating to the common stock was declared effective by the U.S. Securities and Exchange Commission on Tuesday.
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