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MHED News

We don't need no education: McGraw-Hill Education withdraws IPO

MHED

McGraw-Hill Education, an Apollo-backed academic publisher spun out of McGraw-Hill Financial, withdrew its plans for an initial public offering on Friday. The company did not provide a reason. It originally filed in September 2015 for an IPO that we estimated could have raised $500 million. The New York, NY-based company was founded in 1888 and booked $1.6 billion in sales for...read more

The Q2 begins with positive signals for IPOs

SCWX

While IPO market activity reached its lowest levels since the 1Q 2009, the market backdrop has steadily improved since the February lows and an IPO market restart could be near. With the second quarter less than a week old, we are already beginning to see signs of new life, highlighted below.

  1. Bats global markets launched $202 million IPO This...read more

Ten well-known IPOs probably pushed to 2016

NMG

Will good things come to those who wait? In total, we estimate that as much as $7.0 billion that could have been raised in the 4Q15 from high-profile IPOs (mostly large LBOs) has now been pushed back to 2016. This has contributed to 2015 being the ...read more

A learning experience: McGraw-Hill Education files for an IPO to raise up to $500 million

MHED

McGraw-Hill Education, an Apollo-backed academic publisher spun out of McGraw-Hill Financial, filed on Friday for an IPO that we estimate could raise up to $500 million.  The Columbus, OH-based company, which booked $1.8 billion in sales for the 12 months ended June 30, 2015, plans to list under the symbol MHED. No bookrunners or pricing terms were disclosed....read more

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