Instructure Announces Closing of Initial Public Offering and Full Exercise of the Underwriters' Option to Purchase Additional Shares

Nov 18, 2015, 16:05 ET from INST

SALT LAKE CITY, Nov. 18, 2015 /PRNewswire/ -- Instructure (NYSE: INST) today announced the closing of its initial public offering of 5,060,000 shares of its common stock, inclusive of the full exercise by the underwriters of their option to purchase 660,000 shares of common stock to cover over-allotments, at a price to the public of $16.00 per share. All of the shares were offered by Instructure. The shares are listed for trading on the New York Stock Exchange under the symbol "INST".

Morgan Stanley and Goldman, Sachs & Co. acted as lead joint book-running managers for the offering and Jefferies LLC also acted as a book-running manager. Needham & Company, LLC, Oppenheimer & Co. Inc. and Raymond James & Associates, Inc. acted as co-managers for the offering.

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission ("SEC"). Copies of the registration statement can be accessed through the SEC's website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the shares of Instructure's common stock in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

The offering was made only by means of a prospectus. Copies of the final prospectus related to the offering may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, New York 10014, or Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, New York 10282.

Contacts: Lisa Laukkanen The Blueshirt Group (415) 217-4967 Lisa@BlueshirtGroup.com 

Heather Erickson Instructure (801) 658-7524 press@instructure.com 

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SOURCE INST