News in Brief
McGraw-Hill Education Signals Plans To Go Public
McGraw-Hill Education has filed paperwork signaling its plans to become a publicly traded company, confirming speculation that it would make the move.
In its Form S-1, registered with the U.S. Securities and Exchange Commission, the company officially announced its intention to offer common and explained both the risks and opportunities of its potential value to investors. In that prospectus, McGraw-Hill covered such topics as investment in digital adaptive learning.
Risks included the possibility of funding cutbacks at federal, state, or local levels; the possibility that the company won't win significant contracts in the staggered state adoption cycles for K-12 instructional materials; and states' potential changes to the Common Core State Standards.
Vol. 35, Issue 04, Page 4