Instructure Raises $70 Million in Initial Public Offering

On November 18, 2015, Palo Alto, California-based Instructure announced the closing of its initial public offering of 4.4 million shares of its common stock at an initial price to the public of $16.00 per share. The shares began trading on the New York Stock Exchange on November 13, 2015, under the symbol "INST." Wilson Sonsini Goodrich & Rosati advised the underwriters in connection with the offering.

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

WSGR's team included partners Michael Nordtvedt and Tony Jeffries, as well as associates Bryan King, Anitha Anne, and John Durkin.

For more information, please see Instructure's press release.