Wednesday, May 9, 2018

Pluralsight Sets Estimated IPO Pricing Range

Farmington, Utah-based Pluralsight, which provides online learning resources for technical skills, has set its estimated IPO range to between $10.00 and $12.00 per share. The company is offering 20,700,000 shares of its common stock in its IPO offering on the Nasdaq Global Select Market as PS. Pluralsight's IPO is being underwritten by Morgan Stanley, J.P. Morgan, Barclays, BofA Merrill Lynch, First Analysis Securities Corp., Needham & Company, Raymond James, and Suntrust Robinson Humphrey. The company's biggest investor in Insight Venture Partners. The estimated IPO pricing is the next step towards its IPO, and generally comes before a company embarks on its "road show" of potential institutional investors. The final pricing on the IPO will occur the evening before the first day of trading for Pluralsight.