3 takeaways from Udemy’s initial public offering
From Higher Ed Dive: “Udemy became the latest education technology company to go public, raising $421 million in its initial public offering. With shares selling at $29, the MOOC provider’s market value is estimated to be about $4 billion. Udemy saw demand skyrocket for its services during the pandemic, with revenue growing nearly 56% to $429.9 million from 2019 to 2020. In its prospectus, Udemy argued that it is meeting rising demand for lifelong training that traditional providers are failing to address. The company offers online courses to learners in two ways: through its direct-to-consumer platform and through Udemy Business, a corporate education service to help employers train workers.”
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