logo
Platinum Equity-backed McGraw Hill files for US IPO

Platinum Equity-backed McGraw Hill files for US IPO

Reuters5 hours ago

June 27 (Reuters) - McGraw Hill, an educational courses provider backed by investment firm Platinum Equity, filed for an initial public offering in the United States on Friday.
The move would mark the company's second attempt at going public, after it withdrew its previous IPO filing in 2018.
The company will aim to trade on the NYSE under the symbol "MH". Goldman Sachs is the lead underwriter for the IPO.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ripple to drop cross appeal against US SEC in crypto lawsuit, CEO says
Ripple to drop cross appeal against US SEC in crypto lawsuit, CEO says

Reuters

time28 minutes ago

  • Reuters

Ripple to drop cross appeal against US SEC in crypto lawsuit, CEO says

June 27 (Reuters) - Ripple Labs will withdraw its cross appeal against the U.S. Securities and Exchange Commission in a prolonged legal battle tied to the sale of its XRP tokens, the crypto firm's CEO said on Friday. "We're closing this chapter once and for all," Ripple Labs CEO Brad Garlinghouse said in a post on X, adding that the SEC was also expected to drop its appeal. The move could bring the dispute closer to resolution after years of back-and-forth between the company and the regulator over the token's status as a security. The SEC had sued Ripple for allegedly violating securities laws through the sale of its XRP tokens. In 2023, a judge ruled that XRP sales on public exchanges were legal, but the $728 million of sales to institutional investors broke the rules. Both sides appealed, but later agreed to settle if the judge set aside her injunction and approved lowering the $125 million fine she had imposed on Ripple. However, the judge rejected their request on Thursday. The SEC did not immediately respond to a request for comment.

Portland's expansion WNBA franchise parts with president
Portland's expansion WNBA franchise parts with president

Reuters

timean hour ago

  • Reuters

Portland's expansion WNBA franchise parts with president

June 27 - Portland's new WNBA team parted ways with its president less than three months after hiring her. After the Oregonian reported that the expansion franchise fired team president Inky Son, ownership group RAJ Sports released a joint statement with Son saying that she "has decided to leave the organization." Son came to Portland following a tenure as the National Basketball Players Association's chief administrative officer. The team announced her hiring on April 1. "During her brief but impactful tenure, Son helped lay the foundation for the franchise's presence in Portland, shaping its early business operations and community engagement efforts," the statement said. "Son will return to New York, where she was previously based, and the organization thanks her for her leadership during this important phase and wishes her success in her next chapter." The Oregonian reported there were significant "growing pains" behind the scenes that may have contributed to Son's departure. WNBA Portland has yet to reveal its team identity, hinting that it will do so July 15. The franchise has yet to hire a general manager. Portland will be joining the WNBA next season at the same time as another expansion franchise in Toronto. That team already announced its identity, the Toronto Tempo. --Field Level Media

GE Vernova explores sale of Proficy software unit, Bloomberg News reports
GE Vernova explores sale of Proficy software unit, Bloomberg News reports

Reuters

timean hour ago

  • Reuters

GE Vernova explores sale of Proficy software unit, Bloomberg News reports

June 27 (Reuters) - U.S. power equipment maker GE Vernova (GEV.N), opens new tab is exploring the sale of its industrial software business, Proficy, in a deal that could fetch as much as $1 billion, Bloomberg Newsreported, opens new tab on Friday, citing people familiar with the matter. Following its independence last year after a three-way split of General Electric (GE.N), opens new tab, GE Vernova is benefiting from surging domestic power demand. This demand is expected to hit record highs in 2025, driven by rapid expansions in AI and cryptocurrency data centers, as well as increased energy consumption by households and businesses. The asset could be sold for between $900 million and $1 billion, the report said. The company is working with advisers and has reached out to industrial software firms and private equity investors, according to Bloomberg. GE Vernova declined to comment.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store