McGraw Hill notches $3.25 billion valuation in NYSE debut as shares open at par
(Reuters) -U.S. publisher McGraw Hill was valued at $3.25 billion and its shares opened at par in their New York debut on Thursday, hinting at a mixed response from investors in the IPO market.
IPO market activity has rebounded strongly following a significant setback earlier in the year caused by tariff tensions, although investors have remained selective in their investment choices.
Advent-backed consumer insights company NIQ Global's shares dipped 3.6% in their NYSE debut on Wednesday, while a bunch of others are choosing to stay private to bypass the market uncertainty.
Meanwhile, digital bank Chime and stablecoin issuer Circle's shares were lapped up by investors on their respective first trading days, marking blowout debuts for both.
McGraw Hill's shares opened at $17 apiece, at par with its IPO price of $17.
(Reporting by Pritam Biswas in Bengaluru; Editing by Pooja Desai)
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