Udemy targets valuation of $4B in major edtech IPO
https://techcrunch.com/2021/10/20/udemy-targets-valuation-of-4b-in-major-edtech-ipo/
Online education company Udemy this morning set an initial IPO price range for its upcoming debut.
The San Francisco-based edtech unicorn — backed by Learn Capital, Insight Partners and Norwest, among others — expects to price its IPO between $27 and $29 per share. The company could be valued at more than $4 billion at the upper end of its price range. It’s a modest bump in worth for the company, which was last valued at $3.32 billion during its $50 million November raise.