Houghton Mifflin Harcourt IPO Nets Nearly $220M

ON THE RISE: Publisher Houghton Mifflin Harcourt IPO'ed at $12 a share on Wednesday (Nov. 13) and sold 18.3 million shares for a total of $219.6 million. The publisher won't receive money from the IPO, however, as the shares were sold by existing stockholders including Paulson & Co. (which has a 23 percent stake), Anchorage Funds and Blackrock Funds. By the weekend, the stock surged over 33% to $16.11. It's a nice sign for a debt-ridden company that filed for bankruptcy 18 months ago.

Stay up to date on edtech. Sign up to have top stories delivered weekly.

Who we are

EdSurge helps schools find, select and use the right technology to support all learners.
© 2011-2016 EdSurge Inc. All rights reserved. Every student succeeds.