Latest news with #McGrawHill
Yahoo
5 hours ago
- Business
- Yahoo
McGraw Hill files for a NYSE IPO
-- 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, 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. Related articles McGraw Hill files for a NYSE IPO OpenAI taps Google Cloud TPUs in bid to diversify AI chip supply - The Information TransUnion, Equifax stocks fall after FHFA Director announces credit bureau review Sign in to access your portfolio
Bloomberg
9 hours ago
- Business
- Bloomberg
Platinum-Backed McGraw Hill Files for IPO Showing Narrowing Loss
Platinum Equity -backed McGraw Hill Inc. filed for an initial public offering, a sign that private equity firms are resurfacing to take more of their portfolio companies public. The education and training company had a net loss of $85.8 million on revenue of $2.1 billion in the fiscal year ended March 31, compared with a net loss of $193 million on revenue of $1.96 billion a year earlier, according to its filing Friday with the US Securities and Exchange Commission.
CNBC
9 hours ago
- Business
- CNBC
Platinum Equity-backed McGraw Hill files for U.S. IPO
McGraw Hill, a textbook publisher and educational courses provider backed by billionaire Tom Gores' Platinum Equity, filed for an initial public offering in the United States on Friday. The move comes nearly four years after the company's $4.5 billion acquisition by Platinum, and coincides with the gradual reopening of the IPO market. Recent strong market debuts, such as stablecoin giant Circle, have also encouraged more companies to list their shares. Columbus, Ohio-based McGraw Hill disclosed a revenue of $2.1 billion for the fiscal year ended March 31, up 7% from the year before. Its net loss narrowed to $85.8 million, compared with $193 million a year earlier. McGraw Hill is the holding company of McGraw-Hill Education, which previously attempted to go public but withdrew its filing in 2018. It is one of the most recognized names in the publishing industry, and has a global sales team of nearly 1,500. The company will aim to trade on the NYSE under the symbol "MH". Goldman Sachs is the lead underwriter for the IPO.
Yahoo
11 hours ago
- Business
- Yahoo
Platinum Equity-backed McGraw Hill files for US IPO
(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. 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
Reuters
11 hours ago
- Business
- Reuters
Platinum Equity-backed McGraw Hill files for US IPO
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.
