PowerSchool, Inc. (NYSE: PWSC) will release its second quarter 2021 earnings on September 9, 2021, after market close. A conference call to discuss the results is scheduled for 5:00 p.m. Eastern Time on the same day. Interested participants must register beforehand to access the call, with details available on their Investor Relations website. PowerSchool is the leading provider of cloud-based software for K-12 education, connecting over 45 million students globally.
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PowerSchool (NYSE: PWSC) announced that underwriters fully exercised the option to purchase an additional 5,921,052 shares of its Class A common stock at the initial public offering price. This follows the closing of 39,473,685 shares sold on July 30. The total gross proceeds received amount to approximately $817.1 million. The offering is led by Goldman Sachs, Barclays, Credit Suisse, and UBS Investment Bank, with additional support from several other financial institutions. The press release confirms that this is not an offer to sell securities unlawfully in any jurisdiction.
PowerSchool Holdings, Inc. (NYSE:PWSC) has announced the pricing of its initial public offering (IPO) at $18.00 per share, with 39,473,685 shares available for purchase. An additional 5,921,052 shares may be purchased by underwriters within 30 days. Trading is set to commence on July 28, 2021, with the offering closing on July 30, 2021, pending customary conditions. Proceeds will be used to repay debt, cover offering expenses, and for general corporate purposes, along with a $1 million donation to K-12 education initiatives.