0002100713

IPO filing research

iStep Learning plc

Services-Educational Services · ISTL

ipo amended NYSE American F-1

iStep Learning plc IPO research page with SEC filing history, offering status, deal terms, structured filing extracts, company news, and comparable IPO context. Latest filing: F-1 on 2026-10-19. Current deal snapshot: exchange NYSE American.

Filing Timeline

SEC EDGAR

F-1 filed

Initial foreign registration statement

Initial public filing for a foreign issuer submitted to start the SEC review process.

Follows DRS/A in the pre-IPO sequence.

Price $4.50 · Range $4.00 to $5.00 · 4,000,000 shares

Ordinary Shares · Exchange NYSE American LLC · Ticker ISTL · Over-allotment 600,000 · Warrants to purchase 3% of the shares at 120% of the IPO price, exercisable 180 days post-closing · Use of proceeds Funding acquisitions, deferred consideration, legal expenses, and working capital · Flags foreign_private_issuer

2026-10-19 · 0001213900-26-110742

DRS/A amended

Amended draft registration statement

Updated draft registration filed before the public launch.

Updates the prior DRS/A filing.

2026-09-28 · 0001213900-26-104080

DRS/A amended

Amended draft registration statement

Updated draft registration filed before the public launch.

Updates the prior DRS/A filing.

2026-09-04 · 0001213900-26-097538

DRS/A amended

Amended draft registration statement

Updated draft registration filed before the public launch.

Updates the prior DRS/A filing.

2026-08-13 · 0001213900-26-088511

DRS/A amended

Amended draft registration statement

Updated draft registration filed before the public launch.

Updates the prior DRS/A filing.

2026-07-10 · 0001213900-26-077020

DRS/A amended

Amended draft registration statement

Updated draft registration filed before the public launch.

Updates the prior DRS filing.

iStep Learning plc's current DRS/A filing highlights significant revenue growth driven by government-funded childcare expansion, acquisitions, and fee increases. Revenue rose 27% to £8.4M for six months ended Dec 2025 and 84.2% to £14.4M for fiscal 2025. However, administrative expenses surged 50% due to IPO preparation costs, while impairment losses and lease-related expenses added pressure. The company remains focused on operational scaling and public market readiness.

2026-06-29 · 0001213900-26-073090

DRS filed

Draft registration statement

Draft registration filed confidentially before the public launch.

First tracked pre-IPO filing for this issuer.

iStep Learning plc's DRS filing outlines terms for an upcoming offering, including warrants issued to the underwriter, lock-up agreements for executives and major shareholders, and a right of first refusal for the underwriter regarding future investment banking services. The filing details restrictions on share sales, indemnification obligations, and potential market stabilization activities by the underwriter. The company plans to list its ordinary shares on a specified exchange.

2025-12-23 · 0001213900-25-125181

Comparable Deals

2 comparable deals

Consumer DiscretionaryLast 18 months

Only 0 strict matches; expanded to 2 using nearest neighbors.

-9.3%

Median day-1

50%

Above issue

-8.8%

Median week-1

-37.8%

Downside (p10)

LEIFRAS Co., Ltd. LFS

2025-10-09 $6M Day 1: -37.8% Wk 1: -30.9%

same SICrecent IPO

Phoenix Education Partners, Inc. PXED

2025-10-09 $136M Day 1: +19.2% Wk 1: +13.3%

same SICrecent IPO

Recent News

No recent news stored for this issuer.