Skip to main content

Market Overview

EdTech Company Coursera To File For IPO On Friday: Report

Share:
EdTech Company Coursera To File For IPO On Friday: Report

Online education provider Coursera is planning to file paperwork on Friday for its initial public offering, TechCrunch reported, citing sources familiar with the matter.

What Happened: According to the report, Coursera has been in talks with underwriters since last year, but Friday could mark its initial step in the process to go public.

Bloomberg reported in December last year that the IPO could give Coursera a valuation of around $5 billion.

Founded by Daphne Koller and Andrew Ng in 2012, the Mountain View, California-based company raised $130 million in a fundraising event in July. The company’s investors include Kleiner Perkins, New Enterprise Associates, Learn Capital, and SEEK Group.

According to Coursera’s website, more than 200 universities and industry educators around the world partner with Coursera to offer courses, specializations, certificates, and degree programs.

Why It Matters: Online education has boomed amid the pandemic as people who have lost jobs learn new skills to shift to new careers. Schools and colleges also shifted to remote learning due to pandemic-induced lockdowns.  

Edtech companies are increasingly pursuing plans to go public amid favorable market conditions. Another education startup Udemy may also go public this year.

Nerdy Inc. said in late January that it has entered into an agreement to become a public company through a business combination with TPG Pace Tech Opportunities Corp. (NYSE: PACE), a publicly-traded special purpose acquisition company or SPAC.

Read Next: How Edtech Multiverse Is Helping Young, Diverse Talent Win Apprenticeships

Photo by Lawrie Sisley Talansky on Wikimedia

 

Related Articles (PACE)

View Comments and Join the Discussion!

Posted-In: Coursera EdTech techcrunchNews Small Cap IPOs Tech Media Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com