NEW YORK (TheStreet) -- Instructure (INST) - Get Instructure, Inc. Report shares are up 7.81% to $17.25 in afternoon trading on Friday following the company's debut on the New York Stock Exchange today.
The Salt Lake City-based educational software developer priced its 4.4 million share opening offering at $16 per share.
The underwriters for the offering are Morgan Stanley (MS), Goldman Sachs (GS), Jefferies, Needham, Oppenheimer (OPY) and Raymond Jones (RJF).
The company reported 2014 revenue of $44.4 million, a 70% year over year increase from 2013.
Instructure will use the proceeds from the offering for general corporate purposes.
Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.