On Wednesday, the venerable U.S. educational publisher, McGraw Hill, announced the successful raising of $414.63 million in its initial public offering (IPO) on American markets. The company issued 24.39 million shares at $17 each, a price that fell below its initially anticipated market range of $19 to $22 per share. This IPO values McGraw Hill at $3.25 billion. Established in 1888, McGraw Hill specializes in providing educational services and materials, with this listing aimed at alleviating debt burdens and securing funds for digital expansion.