Tuesday, November 17, 2015

Instructure Sees Rise After IPO

Salt Lake City-based Instructure quietly debuted in its IPO on Friday, pricing its IPO of 4,400,000 shares of its common stock late Thursday at $16.00 per share, and debuting on the NYSE as INST on Friday mroning. The developer of learning management software's IPO has been overshadowed by events in Paris. Instructure's major investors include OpenView Venture Partners, Epic Ventures, Bessemer Venture Partners, and Insight Venture Partners. The company's stock has been trading up slightly since the IPO, around $17.72 on Tuesday morning.