Coursera files to go public ‘as soon as practicable’


Coursera Inc. announced plans to go public late Friday to increase its capitalization and financial flexibility, according to a Securities and Exchange Commission filing. The Mountain View, Calif.-based online education provider has raised $443.1 million in venture funding since it was founded in 2012, according to Crunchbase, and said it hopes to launch the offering “as soon as practicable.” Coursera said it plans to list on the New York Stock Exchange under the ticker “COUR,” with Morgan Stanley, Goldman Sachs, Citigroup and UBS among the lead underwriters. The company said it plans to raise $100 million, although that figure is often used as a placeholder and is usually updated in subsequent filings. Coursera reported a $66.8 million loss on revenue of $293.5 million in 2020, compared with a $46.7 million loss on revenue of $184.4 million in 2019. The company expects to have 115.6 million outstanding shares following the offering, compared with 40.3 million shares currently. The past 12 months have been good for recently launched IPOs with the Renaissance IPO ETF
up 96%, compared with a 27% gain on the S&P 500 index


- Advertisement -

Leave A Reply

Your email address will not be published.