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

  • 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.
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