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McGraw Hill priced its initial public offering at $17 per share for 24,390,000 shares of common stock. The education solutions provider expects its shares to begin trading on the New York Stock Exchange under ticker symbol "MH" on July 24, 2025, with the offering closing July 25, 2025.
The company will receive approximately $385.7 million in proceeds after deducting underwriting discounts, commissions and estimated offering expenses. McGraw Hill plans to use the net proceeds to repay a portion of outstanding borrowings under its term loan credit facility.
A selling stockholder has granted underwriters a 30-day option to purchase up to 3,658,500 additional shares to cover over-allotments at the IPO price, less underwriting discounts and commissions. McGraw Hill will not receive proceeds from any shares sold by the selling stockholder under this option.
Goldman Sachs & Co. LLC serves as book-running manager and representative of the underwriters. BMO Capital Markets, J.P. Morgan, Macquarie Capital, Morgan Stanley, Deutsche Bank Securities, and UBS Investment Bank act as bookrunners. Co-managers include Baird, BTIG, Needham & Company, Rothschild & Co, Stifel, and William Blair.
The U.S. Securities and Exchange Commission declared the registration statement effective on July 23, 2025. McGraw Hill operates as a global provider of education solutions for preK-12, higher education and professional learning, with over 30 offices worldwide and learning solutions available in more than 80 languages.