Instructure, which operates an online learning management system, filed on Friday with the SEC to raise up to $75 million in an initial public offering.
The Salt Lake City, UT-based company, which was founded in 2008 and booked $57 million in sales for the 12 months ended June 30, 2015, plans to list on the NYSE under the symbol INST. Instructure initially filed confidentially on June 25, 2015. Morgan Stanley, Goldman Sachs, Jefferies, Needham, Oppenheimer and Raymond James are the joint bookrunners on the deal. No pricing terms were disclosed.
