Coursera, the US-based online education giant, is targeting a valuation in excess of $4 billion in its New York initial public offering.
In a filing, the company said it planned to offer around 14.66 million shares of its common stock in its IPO and noted that current shareholders were offering around 1.1 million shares, each priced at $30-33.
The upper end of the price range suggests that Coursera could raise around $519 million.
In October, EducationInvestor Global exclusively reported that Coursera would list its shares on the New York Stock Exchange within 12 months, highlighting that the world’s largest MOOC provider was in discussions with Morgan Stanley about underwriting the offering.
Morgan Stanley, Goldman Sachs, Citigroup and UBS Investment Bank are the lead underwriters for the offering.
Coursera was most recently valued at $2.5 billion last July when it raised $130 million.
Date published: 24 March 2021