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McGraw-Hill Education has registered an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No terms were established in the filing, except that it is valued up to $100 million. However, this number is normally just a placeholder. The company has yet to decide on an exchange but it plans to list under the symbol MHED.

In this filing, McGraw-Hill listed its underwriters as: Credit Suisse, Morgan Stanley, BMO Capital Markets, Goldman Sachs, Barclays, Jefferies, RBC Capital Markets, Wells Fargo, Piper Jaffray and Apollo Global Securities.

This company is a leading provider of outcome-focused learning solutions, delivering both curated content and digital learning tools and platforms to the students in the classrooms of approximately 250,000 higher education instructors, 13,000 pre-kindergarten through 12th grade school districts and a wide variety of academic institutions, professionals and companies in over 135 countries.

McGraw-Hill has evolved its business from a print-centric producer of textbooks and instructional materials to a leader in the development of digital content and technology-enabled adaptive learning solutions that are delivered anywhere, anytime. The company believes it has established a reputation as an industry leader in the delivery of innovative educational content and methodologies.

For example, in the higher education market, it was the first in its industry to introduce digital custom publishing, which permits instructors to tailor content to their specific needs. McGraw-Hill also created LearnSmart, one of the first digital adaptive learning solutions in the higher education market, which leverages its proprietary content and technology to provide a truly personalized learning experience for students. Today it has over 1,500 adaptive products in higher education. Since 2009, all of its major K-12 programs also have been created in an entirely digital format.

In the filing, the company described its finances as follows:

For the year ended December 31, 2015, we generated revenue of $1,835 million and a net (loss) of $(175) million. For the year ended December 31, 2015, we generated Billings of $2,055 million.

McGraw-Hill intends to use its net proceeds from the offering to repay its debt and for general corporate purposes.