Pluralsight IPO prices above the expected range to raise $310.5 million

Discussion in 'Market News' started by sniper-academy, May 17, 2018.


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  1. sniper-academy

    sniper-academy Administrator Staff Member

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    Pluralsight Inc. disclosed Thursday that it priced its initial public offering at $15 a share, which was above the expected range of $12 to $14 provided earlier this week. The online education company is offering 20.7 million shares, to raise $310.5 million. If the underwriter exercise the options to buy up to an additional 3.1 million shares to cover overallotments, the company could raise $357.1 million. The stock will be listed on the Nasdaq Global Select Market under the ticker symbol "PS," and is expected to begin trading later Thursday. The company is going public at a time that the Renaissance IPO ETF has slipped 1.2% over the past three months and the S&P 500 has eased 0.4%.

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