Last August, we wrote that Instructure, maker of Canvas, was preparing for an IPO aimed at approximately a $500 million USD valuation. It is now official with the company filling form S-1 with the US Securities and exchange commission.
While it hasn’t been disclosed how many shares of common stock will be offered, the company intends to trade under the ticker “INST.” The book for the offering is being managed jointly, with Morgan Stanley and Goldman, Sachs & Co. leading this group. If you’d like to get your hands on the prospectus, you can do so by contacting the Morgan Stanley prospectus department.
As Joe has written in the past, this is yet another indicator that the LMS market continues to heat up. This means that continued, substantial investment in development (i.e. Moodle HQ) will be required to make sure that any LMS is able to meet the expectations of students, teachers and admins going forward.
What are the most critical features that Moodle needs to offer to remain competitive? Let us know in the comments below!