PowerSchool Holdings Inc, an education software provider, has filed Form F-1 Registration Statement on April 6, 2021 with the U.S. Securities and Exchange Commission to raise up to $100 million IPO. Pricing terms are yet to announce. Sources estimate the total proceeds raised would up to $750 million.
The company provide a Unified Platform that includes the core system of record used by districts and schools and leverages data to deliver insights and analytics to improve education outcomes. They serve more than 12,000 customers, including 93 of the 100 top districts by student enrollment in the United States, have 30 state-, province-, or territory-wide contracts in North America, and sell solutions in over 90 countries globally.
The Folsom, California-based company was founded in 1997 and booked $435 million in revenue for the 12 months ended December 31, 2020. It plans to list on the NYSE under the symbol “PWSC.” Goldman Sachs, Barclays, Credit Suisse, UBS Investment Bank, BofA Securities, Jefferies, Macquarie Capital and RBC Capital Markets are underwriters of the IPO.
The company engages Kirkland & Ellis LLP as US Securities Counsel, and Deloitte & Touche LLP as Independent Auditor.
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