https://techcrunch.com/2021/10/29/quick-observations-on-udemys-unicorn-edtech-ipo/

Edtech unicorn Udemy priced its IPO at $29 per share, the upper end of its IPO range. Using a simple share count, the company was worth around $4 billion at its IPO price and a few hundred million more if a full -diluted share count is employed in our valuation calculations.

For edtech, the Udemy IPO might seem like good news. After all, the company sold more than $420 million worth of its stock while going public at a price that surpassed its final private-market price. And yet.