San Francisco-based online education company Udemy has filed regulatory paperwork for an initial public offering in the US, following much increased revenue last year due to a shift toward remote learning caused by the Covid-19 pandemic, Reuters has reported.

Udemy offers more than 183,000 courses in 75 languages in 180 countries and launched a direct-to-consumer subscription earlier this year.

The company’s revenue grew by 55.6% to $429.9 million last year, while reporting a net loss of $77.6 million over the same period.

Udemy was valued at $3.3 billion during a financing round in November last year and Reuters stated it expects the company to go public at a much higher valuation.

Date published: 11 October 2021

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