Textbook publisher McGraw Hill targets $4.2 billion valuation in US IPO

Activity in the U.S. IPO market has seen an uplift in recent months as the trade policy confusion settles with investors flocking to new listings of companies like stablecoin issuer Circle Internet Group and Chime Financial. Columbus, Ohio-based McGraw Hill is looking to raise up to $537 million from 24.39 million shares priced between $19 and $22 apiece.