McGraw Hill, an educational publisher and provider of digital learning tools, announced terms for its IPO on Monday.
The Columbus, OH-based company plans to raise $500 million by offering 24.4 million shares at a price range of $19 to $22. At the midpoint of the proposed range, McGraw Hill would command a fully diluted market value of $4.0 billion.
McGraw Hill is a leading global provider of information solutions for education across K-12 to higher education, and through professional learning. On an annual basis, the company serves approximately 60 million learners and educators. McGraw Hill is a top two provider in the K-12 market in the US, serving approximately 99% of public K-12 districts. It is also a top two provider of digital and print learning solutions in the US higher education market, serving approximately 82% of US higher education institutions.
McGraw Hill was founded in 1888 and booked $2.1 billion in revenue for the 12 months ended March 31, 2025. It plans to list on the NYSE under the symbol MH. Goldman Sachs, BMO Capital Markets, J.P. Morgan, Macquarie Capital, Morgan Stanley, Deutsche Bank, and UBS Investment Bank are the joint bookrunners on the deal. It is expected to price during the week of July 21, 2025.
