U.S. publisher McGraw Hill valued at $3.25 billion in New York debut, with shares opening at $17 each. IPO market rebounds after tariff tensions, but investors remain selective. NIQ Global’s shares dip 3.6% in NYSE debut, while some companies choose to stay private to avoid market uncertainty.

McGraw Hill CEO Simon Allen says macro factors don’t affect company, timing is right for IPO. Digital bank Chime and stablecoin issuer Circle see successful trading debuts. McGraw Hill’s IPO price of $17 per share raises $414.63 million by selling 24.39 million shares, below targeted range of $19 to $22.

McGraw-Hill Education spun off in 2013, sold to Apollo for $2.5 billion in take-private deal. Apollo tried to relist in 2015, plan shelved. Platinum Equity acquires McGraw for $4.5 billion in 2021. McGraw Hill is a top name in publishing, used by 99% of U.S. public K-12 districts and 82% of U.S. higher education institutions.

Read more at Yahoo Finance: McGraw Hill valued at $3.25 billion as shares open flat in underwhelming debut