Benzinga | Jul 22, 2021 07:43AM EDT

Instructure Holdings Raises $250M Via IPO At $20 Per Share, Trading Begins Today

* Education technology company Instructure Holdings Inc (NYSE:INST) priced 12.5 million shares at $20 per share in its initial public offering.

* It earlier planned to price IPO at $19.00 to $21.00 per share.

* The estimated gross proceeds are $250 million.

* The underwriters have a 30-day option to purchase additional shares up to 1.9 million.

* The shares are likely to begin trading on the NYSE under the ticker symbol "INST" today.