Instructure Holdings Shares Up 8% on First Day of Trading – About Your Online Magazine

By Chris Wack

Instructure Holdings Inc. shares were up 8% at $21.66 after the company priced its initial public offering of 12.5 million common shares at $20 apiece.

The stock made its first trade at $23.05 a share.

The education technology company said it has granted the underwriters a 30-day option to purchase up to an additional 1.9 million shares at the IPO price.

Last week, Instructure said it expected its shares to be priced in a range of $19 to $21 each.

Thoma Bravo took Instructure private last year in a deal valued at $2 billion. Thoma Bravo will own 88% of the stock after the offering, or 87% if the overallotment option is exercised in full.

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Paula Fonseca