Pluralsight’s Public Offering Nets $310 Million


Pluralsight’s Public Offering Nets $310 Million

May 17, 2018

SEEING GREEN: Pluralsight, the company behind an online library of courses aimed for technology, creative and business professionals, is officially trading on the public market. And already it’s seen a jump: shares in the Farmington, Utah-based company (PS) opened at $20 on Nasdaq—34 percent above the $15 price they were originally priced at. That means Pluralsight raised approximately $310 million on its first day on Nasdaq.

Pluralsight is the second Utah-based education company to hit the public market in recent years, following Instructure’s listing in 2015.

Founded in 2004, Pluralsight currently offers more than 6,700 courses that serve more than 695,000 users (including 14,000 business customers), according to the company’s prospectus. The company had raised about $192.5 million in venture capital prior to going public.

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