Instructure Expected To Price IPO This Week

Salt Lake City-based education and learning management software developer Instructure is nearing its IPO, and is expected to price its IPO sometime this week. The company, which has filed to sell 4,400,000 shares of its common stock, earlier had estimated an IPO at between $16.00 and $18.00 per share. The company has been approved to list on the New York Stock Exchange as INST. Instructure is venture backed by OpenView Venture Partners, Insight Venture Partners, Bessemer Venture Partners and EPIC Ventures. The company's IPO is being underwritten by Morgan Stanley, Goldman Sachs & Co, Jeffries, Needham & Comapny, Oppenheimer & Co., and Raymond James. The company is currently on a road show among institutional investors, and if successful, should announce a pricing sometime this week.