Instructure Holdings, Inc.
(Note: Instructure is an EdTech company whose principal stockholder is Thoma Bravo, the private equity firm. After the IPO, Thoma Bravo will still own a controlling equity stake in Instructure.)
Instructure’s mission is to elevate student success, amplify the power of teachers everywhere, and inspire everyone to learn together by applying the power of simple, purposeful, and transformative software to the important challenge of educating the world’s population.
From the inception of a teacher’s lesson through a student’s mastery of a concept, Instructure personalizes, simplifies, organizes, and automates the entire learning lifecycle through the power of technology. Our learning platform delivers the elements that leaders, teachers, and learners need – a next-generation Learning Management System (“LMS”), robust assessments for learning, actionable analytics, and engaging, dynamic content. Schools standardize on Instructure’s solutions as their core learning platform because we bring together all of the tools that students, teachers, parents, and administrators need to create an accessible and modern learning environment. Our platform is cloud-native, built on open technologies, and scalable across thousands of institutions and tens of millions of users worldwide. We are the LMS market share leader in both Higher Education and paid K-12, with over 6,000 global customers, representing Higher Education institutions and K-12 districts and schools in more than 90 countries. We are maniacally focused on our customers and enhancing the teaching and learning experience. As such, we continuously innovate to grow the footprint of our platform, including through our acquisitions of Portfolium to add online skills portfolio capabilities for Higher Education students and MasteryConnect and Certica to add K-12 assessment and analytics capabilities. Our platform becomes deeply ingrained into our customers’ instructional workflows.
(Note: Instructure priced its IPO on July 21, 2021, at $20 – the mid-point of its $19-to-$21 range – on 12.5 million shares, the same number of shares in the prospectus, to raise $250 million.)
|Industry:||SERVICES - PREPACKAGED SOFTWARE|
|Address||6330 South 3000 East, Suite 700, Salt Lake City, Utah 84121|
|Phone Number||(800) 203-6755|
|View Prospectus:||Instructure Holdings, Inc.|
|Revenues||$324.65 mil (last 12 months)|
|Net Income||$-211.04 mil (last 12 months)|
|Price range||$20.00 - $20.00|
|Est. $ Volume||$250.0 mil|
|Manager / Joint Managers||Morgan Stanley/ J.P. Morgan/ Citigroup|
|CO-Managers||Jefferies/ Macquarie Capital/ Baird/ BTIG/ Raymond James/ Truist Securities/ William Blair/ Academy Securities/ C.L. King & Associates/ Drexel Hamilton/ Ramirez & Co.|
|Expected To Trade:||7/22/2021|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|