McGraw Hill Inc raised US$414.6 million in its initial public offering (IPO) on the New York Stock Exchange.

The company priced its shares at US$17 each, which is below the marketed range of US$19 to US$22, as stated in a release on July 23, 2025.

The Ohio-based education firm sold 24.39 million shares, valuing it at US$3.2 billion, while Platinum Equity retains 87% ownership.

For the fiscal year ending March, McGraw Hill reported an US$85.8 million loss on US$2.1 billion in revenue, showing improvement from the prior year.

Founded in 1888, the publisher has expanded its offerings to include digital tools such as AI-based math programs and an AI Reader.

It reported 26 million paid digital users last fiscal year.

McGraw Hill’s shares are set to begin trading on July 24, 2025 under the ticker symbol “MH.”

The offering was managed by 13 banks, including Goldman Sachs, JPMorgan Chase, and Morgan Stanley.