McGraw Hill, a leading textbook publisher and educational course provider owned by billionaire Tom Gores’ Platinum Equity, filed for an initial public offering (IPO) in the U.S. on Friday, according to a statement.
The move comes nearly four years after Platinum Equity acquired the company for $4.5 billion and aligns with a resurgence in the IPO market.
The decision follows strong recent market debuts, including stablecoin issuer Circle (CRCL.N), which has bolstered confidence among companies considering public listings.
Headquartered in Columbus, Ohio, McGraw Hill reported $2.1 billion in revenue for the fiscal year ending March 31, marking a 7% increase from the previous year. Its net loss also improved, narrowing to $85.8 million compared to $193 million a year earlier.
The company, operating under holding group McGraw Hill, is the parent of McGraw-Hill Education, which previously attempted an IPO in 2018 before withdrawing its filing. With a globally recognized brand and a sales force of nearly 1,500, McGraw Hill is one of the most prominent names in educational publishing.
The company plans to list on the New York Stock Exchange under the ticker “MH,” with Goldman Sachs serving as the lead underwriter for the offering.
McGraw Hill is a leading global provider of education solutions for preK-12, higher education and professional learning, supporting the evolving needs of millions of educators and students around the world.