After a series of false starts beginning in late 2022, McGraw Hill’s private equity owner Platinum Equity is moving forward with an IPO of the education company. They intend to offer 24.4 million shares of common stock at an expected range of between $19 and $22 per share, estimated to raise net proceeds of $467 million at the middle of that range. That cash will be used to pay down a portion of their considerable debt, leaving the company with approximately $643 million of borrowings. In truth, a version of McGraw Hill has been looking for an IPO ever since […]
