Udemy Files For US IPO

  • Online learning platform Udemy Inc UDMY filed for a U.S. initial public offering.
  • Udemy aims for a Nasdaq listing under the symbol "UDMY."
  • Udemy is yet to disclose the financial terms of the IPO.
  • The online learning company was worth $3.3 billion during a November 2020 financing round, Reuters reports.
  • The pandemic triggered remote learning provided an immense impetus to the industry, facilitating the IPOs of Coursera Inc COUR and Nerdy Inc NRDY.
  • Udemy's revenue grew 55.6% year-on-year to $429.9 million in 2020. It incurred a net loss of $(77.6) million.
  • Price Action: COUR shares closed higher by 1.27% at $31.20 on Tuesday.
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