Education Tech Firm McGraw Hill Raises $414.6 Million in IPO
The Columbus, Ohio-based firm sold 24.39 million shares for $17 each, according to a statement Wednesday confirming an earlier Bloomberg News report. The company marketed shares at $19 to $22 each, according to an earlier US Securities and Exchange Commission filing.
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Here's What Lifted Olo (OLO) in Q2
Conestoga Capital Advisors, an asset management company, released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The second quarter began with a historically poor start but gained momentum later as tariff fears subsided and market volatility dropped precipitously. Conestoga Micro Cap Composite appreciated 15.65% net-of-fees in the second quarter but underperformed the Russell Microcap Growth Index's 20.92% return. In a highly volatile market led by high-beta and lower-quality stocks, the firm does not expect the fund to align with index performance. Please review the fund's top 5 holdings to gain insight into their key selections for 2025. In its second quarter 2025 investor letter, Conestoga Capital Advisors highlighted stocks such as Olo Inc. (NYSE:OLO). Headquartered in New York, New York, Olo Inc. (NYSE:OLO) offers a SaaS platform for restaurants. The one-month return of Olo Inc. (NYSE:OLO) was 13.93%, and its shares gained 117.60% of their value over the last 52 weeks. On July 25, 2025, Olo Inc. (NYSE:OLO) stock closed at $10.14 per share, with a market capitalization of $1.714 billion. Conestoga Capital Advisors stated the following regarding Olo Inc. (NYSE:OLO) in its second quarter 2025 investor letter: "Olo Inc. (NYSE:OLO) is a SaaS technology platform that enables it's greater than 700 restaurant brand customers to reach their customers across over 85,000 locations. OLO has been a leader in two of the past three quarters. In its 1Q earnings report, OLO announced a major win with the Chipotle restaurant chain. Also, during the quarter, OLO announced that Red Lobster had come back to their platform after attempting to build their own solution but realizing OLO was a better option. There was also speculation during the quarter that OLO could be considering strategic alternatives, which contributed to the stock gains." A business executive showcasing a mobile ordering app to a busy restaurant staff. Olo Inc. (NYSE:OLO) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 27 hedge fund portfolios held Olo Inc. (NYSE:OLO) at the end of the first quarter compared to 30 in the previous quarter. In the first quarter of 2025, Olo Inc. (NYSE:OLO) generated total revenue of $80.7 million, reflecting an increase of 21% year-over-year. While we acknowledge the potential of Olo Inc. (NYSE:OLO) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Olo Inc. (NYSE:OLO) and shared the list of best overlooked stocks that pay dividends. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Carlyle picks insiders for newly minted role of co-presidents after reshuffle
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Soybeans Slipping Lower Despite Trade News
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