Platinum-Backed McGraw Hill Files for IPO Showing Narrowing Loss

Platinum Equity-backed McGraw Hill Inc. filed for an initial public offering, a sign that private equity firms are resurfacing to take more of their portfolio companies public.

The education and training company had a net loss of $85.8 million on revenue of $2.1 billion in the fiscal year ended March 31, compared with a net loss of $193 million on revenue of $1.96 billion a year earlier, according to its filing Friday with the US Securities and Exchange Commission.

McGraw Hill filed confidentially for a listing in 2022. The company, then known as McGraw-Hill Education Inc., had withdrawn ...