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Investing.com -- McGraw Hill, a leading global provider of educational information solutions, has filed for a proposed initial public offering (IPO) on the New York Stock Exchange. The company intends to list its shares under the ticker "MH."
Goldman Sachs will serve as the lead underwriter for the offering. Additional underwriters include BMO Capital Markets, J.P. Morgan, Macquarie Capital, and Morgan Stanley (NYSE:MS), among others.
Financial data included in the filing shows the company generated revenue of $2,101.3 million for the fiscal year ended March 31, 2025, up from $1,960.5 million in 2024 and $1,947.8 million in 2023.
Despite the revenue growth, McGraw Hill reported a net loss of $85.8 million for fiscal year 2025. This represents an improvement from net losses of $193.0 million in 2024 and $404.1 million in 2023.
The company has not yet disclosed the number of shares to be offered or the price range for the proposed offering.
McGraw Hill delivers personalized learning experiences across the educational spectrum, from K-12 to higher education and professional learning. It utilizes content, data-driven insights, and learning science to create its educational products and services. The company claims that it serves approximately 60 million learners and educators on an annual basis.