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McGraw-Hill Education files for $100M IPO

NEW YORK (AP) -- Educational content maker McGraw-Hill Education plans to go public.

Best known as a publisher of textbooks and instructional materials, the company is now investing heavily in developing digital content and technology like its "Reading Wonders" and "Economics: Principles, Problems, and Policies" programs.

It filed for an IPO that was valued at up to $100 million, according to a form filed Friday with the Securities and Exchange Commission. The $100 million figure is an estimate used for the purpose of calculating a filing...