Duolingo Prices IPO Above Estimated Price At $102 Per Share, Trading Begins Today

Loading...
Loading...
  • Mobile language learning platform Duolingo, Inc DUOL priced 3.7 million shares at $102 per share in its initial public offering.
  • The estimated gross proceeds are $377.4 million.
  • The offer price has exceeded the estimated price range of $95-$100.
  • Selling stockholders are offering 1.4 million shares.
  • The underwriters have a 30-day option to purchase an additional 0.8 million shares.
  • Duolingo will not receive any proceeds from the sale of shares by the selling shareholders.
  • Duolingo is likely to begin trading on the Nasdaq under the symbol "DUOL" today.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsIPOsTechBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...