US EditionPlatinum Equity-Backed McGraw Hill Files for US IPO
- Last Friday, McGraw Hill Education filed for an IPO backed by Platinum Equity to list on the NYSE under 'MH' amidst renewed market interest.
- Nearly four years after Platinum Equity's $4.5 billion acquisition, McGraw Hill filed for an IPO amid improved financials and a revived market.
- Supporting this move, McGraw Hill previously withdrew its IPO in 2018, has nearly 1,500 global sales staff, and Goldman Sachs is the lead underwriter.
- This filing signals a renewed push in the IPO market, supported by improved financials and recent strong debuts like Circle, encouraging more companies to list.
- Beyond McGraw Hill's case, a broader IPO wave is forming as firms delay listings to boost valuations, with experts like Cully Davis highlighting eventual market benefits.
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Colorado Springs Gazette+2 Reposted by 2 other sources
Platinum Equity-backed McGraw Hill files for US IPO
(Reuters) -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.
·Colorado Springs, United States
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Leaning Left2Leaning Right0Center5Last UpdatedBias Distribution71% Center
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