(Reuters) – Cloud-based technology learning platform PluralSight Inc on Tuesday raised the anticipated price range for its initial public offering by $2.
The company now expects its IPO to be priced between $12 and $14 per share, up from the prior $10 to $12 per share range. The offering size of 20.7 million shares was left unchanged.
PluralSight’s platform provides online learning courses which is used by businesses to train their employees in technology-based skills.
The IPO is expected to be priced on Wednesday evening and stock begins trading on Thursday under the Nasdaq ticker “PS.”
Morgan Stanley, J.P. Morgan, Barclays and BofA Merrill Lynch are lead underwriters to the offering.
Reporting by Nikhil Subba in Bengaluru; Editing by Bernard Orr and Shailesh Kuber