IFR: IPOX® VP Kat Liu Comments on McGraw Hill's IPO
In its coverage of the McGraw Hill IPO, International Financing Review (IFR) featured commentary from IPOX® VP Kat Liu. The article details the pricing of the online education provider's offering, which raised $415 million after pricing at $17 per share, below the expected range. The Platinum Equity-backed firm will now trade on the NYSE under the ticker "MH".
Ms. Liu provided her expert analysis on the deal's prospects, noting the potential challenges and long-term outlook. She commented, "We expect the debut to be tepid initially. There’s long-term potential, but like other sponsor-backed names, it may take time to build real momentum and shake off the overhang of private equity influence."
Read the full article by Robert Sherwood on IFR: https://www.ifre.com/equities/2290507/mcgraw-hill-prices-ipo-below-range-at-us17