Corporate Training Startup Skillsoft Debuts in the NYSE with a Small Drop

Share on facebook
Share on twitter
Share on pinterest

IBL News | New York

Skillsoft (NYSE: SKIL) debuted yesterday trading in the market with a drop of 1.4%, closing at $10.60 per share.

The stock opened at $10.90, and it reached low pricing of $10.50. Market capitalization closed at $914 million.

The company is owned by a SPAC (special purpose acquisition company) called Churchill Capital Corp II, which also purchased the training company Global Knowledge.

In a press statement, Boston-based Skillsoft highlighted that “it operates with an attractive business model, characterized by recurring revenue, strong free cash flow conversion, high operating leverage and low capital requirements.”

Jeffery R. Tarr, the company’s CEO, said that “together with Global Knowledge, we will serve our customers with unmatched learning technologies and the industry’s most comprehensive suite of premium and original content.”

Mr. Tarr [in the picture above] discussed Skillsoft’s plans for growth in an interview with Yahoo Finance.

o Resource:
SEC Documents

More News at https://dWeb.News

Share this post with your friends

Share on facebook
Share on google
Share on twitter
Share on linkedin

Leave a Reply

Do You Want To Boost Your Business?

Send Me Your Press Release and I'll Blast it Out To The World -- It's Free

%d bloggers like this: