Duolingo Targeting $3.4B IPO Stemming From Online Learning Boom: Reuters


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


  • Language-learning app maker Duolingo Inc (NASDAQ:DUOL) is aiming for a $3.41 billion U.S. initial public offering to tap the pandemic-driven growing demand for online education tools, Reuters reports.
  • It plans to raise over $485 million by offering 5.1 million shares between $85 -$95 per share.
  • The valuation could stretch to $4.38 billion on a fully diluted basis.
  • Duolingo has 40 million monthly active users learning 40 languages, including Irish and Hawaiian.
  • It plans to start trading on the Nasdaq under the symbol "DUOL."
  • Goldman Sachs & Co and Allen & Company are the lead underwriters for the IPO.
  • With over 500 million downloads, its app is the top-grosser in the education category on both Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Play, and Apple Inc's (NASDAQ:AAPL) App Store.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: NewsIPOsTechMediaBriefsReuters