July 14 (Reuters) -
U.S. publisher McGraw Hill is targeting a valuation of $4.2
billion in its IPO, the company said on Monday, adding to a
recent line up of public market hopefuls that are looking to tap
an improvement in investor sentiment.
Activity in the U.S. IPO market has seen an uplift in recent
months as the trade policy confusion settles with investors
flocking to new listings of companies like stablecoin issuer
Circle Internet Group ( CRCL ) and Chime Financial ( CHYM ).
Columbus, Ohio-based McGraw Hill is looking to raise up
to $537 million from 24.39 million shares priced between $19 and
$22 apiece.
McGraw Hill is one of the most recognized names in the
publishing industry, and has a global sales team of nearly
1,500.
The company will aim to trade on the NYSE under the
symbol "MH". Goldman Sachs is the lead underwriter for the IPO.