![]() ![]() So, Duolingo is still selling 3.7 million shares in its debut, and some 1.41 million shares will be sold by existing equity holders. The terms of the company’s IPO have not changed, aside from its proposed price. For reference, those companies have raised $461.4 million, $97.4 million, $62 million and $130 million, respectively, per Crunchbase data. The fact that Duolingo is raising its IPO price range indicates that we are more likely on the path for a strong offering than a weak one.įor edtech companies that have hit unicorn status - like Masterclass, Course Hero, Quizlet and Outschool - it’s good news. On the other hand, if Duolingo prices weakly or trades poorly, the company could place a wet blanket atop the startup edtech world. edtech ecosystem if Duolingo can price and trade well, investors in private companies may be more willing to invest, given a more proven and attractive exit market. TechCrunch previously called the Duolingo debut a bellwether of sorts for the larger U.S. Per the unicorn’s SEC filings, Duolingo is now targeting a $95 to $100 per share IPO price range, up from $85 to $95 per share, or a gain of around 12% at the bottom and 5% at the top. ![]() edtech company Duolingo released a revised IPO price range this morning, boosting its potential per-share value to $100 after initially targeting a range that topped out at $95 per share.
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