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Bain Capital in Talks to Buy Education-Software Provider PowerSchool, Source Says
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Bain Capital in talks to buy education-software provider PowerSchool, source says
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PowerSchool valued at over $3 billion in NYSE debut as shares rise
Reuters | Jul 28, 2021 03:51 PM EDT
Signage for PowerSchool (NYSE:PWSC) is seen ahead of their Initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York City, New York, U.S. (Photo : REUTERS/Andrew Kelly)
Shares of PowerSchool Holdings Inc rose 2.8% in their New York Stock Exchange debut on Wednesday, giving the cloud-based education software provider a valuation of about $3.57 billion.
PowerSchool s listing comes as school districts have steadily increased investment in cloud-based software solutions during the COVID-19 pandemic.
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Like Us on Facebook It (pandemic) put a bright shining light to the digital divide as well as need for digital transformation for school districts, Chief Executive Officer Hardeep Gulati told Reuters.
PowerSchool valued at over $3 billion in NYSE debut as shares rise
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