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Online learning platform PluralSight’s IPO priced at $15/shr: sources

“(Reuters) – The initial public offering of online learning platform PluralSight Inc was priced at $15 per share, sources familiar with the matter said on Wednesday, above a raised range” writes Nikhil Subba for reuters.com. The IPO of 20.7 million Class A shares raised $310.5 million and the company has said it would largely use the proceeds to pay down debt.PluralSight provides online learning courses and are used by businesses to train their employees in technology-based skills including JavaScript and HTML. The platform can also be accessed privately by individuals.The Farmington, Utah-based company on Tuesday increased its expected IPO price range to between $12 and $14 per share, from the prior $10 to $12 per share range on the back of strong demand.
 
Source: reuters.com



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