McGraw Hill begins trading on NYSE at $17 per share

Published 24/07/2025, 18:10
© Reuters.

Investing.com -- McGraw Hill, a leading global provider of information solutions for education, began trading on the New York Stock Exchange (NYSE) Thursday under the ticker symbol "NYSE:MH" at $17 per share, matching its initial public offering (IPO) price.

The company priced its IPO of 24,390,000 shares of common stock at $17.00 per share on Wednesday. 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 the outstanding borrowings under its term loan credit facility.

The selling stockholder identified in the registration statement has granted the underwriters a 30-day option to purchase up to an additional 3,658,500 shares of McGraw Hill’s common stock at the initial public offering price, less underwriting discounts and commissions. This option is solely to cover over-allotments, if any. McGraw Hill will not receive any proceeds from the sale of shares by the selling stockholder if the underwriters exercise their option.

Goldman Sachs & Co (NYSE:GS). LLC is serving as the book-running manager for the offering and as representative of the underwriters.

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