Instructure Prices Initial Public Offering

Nov 12, 2015, 20:56 ET from Instructure

SALT LAKE CITY, UT, Nov. 12, 2015 /PRNewswire/ -- Instructure (NYSE: INST), a provider of a cloud-based learning management platform for academic institutions and companies worldwide, today announced the pricing of its initial public offering of 4,400,000 shares of its common stock at a price to the public of $16.00 per share. In addition, Instructure has granted the underwriters a 30-day option to purchase up to an additional 660,000 shares of common stock to cover over-allotments, if any. The shares are expected to begin trading on the New York Stock Exchange on November 13, 2015 under the symbol "INST".

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

The offering will be made only by means of a prospectus. When available, a copy 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.

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.

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 Instructure



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