Pluralsight (PS) IPO Opens 33% Higher

Today's IPO for Pluralsight, Inc. (NASDAQ: PS) opened for trading at $20 after pricing 20,700,000 shares of its Class A common stock at a public offering price of $15.00 per share.

Pluralsight has granted the underwriters a 30-day option to purchase up to an additional 3,105,000 shares of Class A common stock to cover over-allotments, if any.

Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC are acting as lead book-running managers for the offering. Barclays Capital Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as book-running managers. First Analysis Securities Corporation, Needham & Company, LLC, Raymond James & Associates, Inc., and SunTrust Robinson Humphrey, Inc. are acting as co-managers.

Pluralsight is an enterprise technology learning platform that delivers a unified, end-to-end learning experience for businesses across the globe. Through a subscription service, companies are empowered to move at the speed of technology, increasing proficiency, innovation and efficiency. Founded in 2004 and trusted by Fortune 500 companies, Pluralsight provides members with on-demand access to a digital ecosystem of learning tools, including adaptive skill tests, directed learning paths, expert-authored courses, interactive labs and live mentoring.

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