Online Learning Company Udemy Valued At $3.7 Billion In Market Debut: Report
NDTV
Online learning company Udemy Inc was valued at $3.7 billion after its shares opened seven per cent below offer price in their Nasdaq debut on Friday.
Online learning company Udemy Inc, which has grown rapidly over the past year due to a surge in demand for online learning, was valued at $3.7 billion after its shares opened seven per cent below offer price in their Nasdaq debut on Friday.
The San Francisco, California-based company is the latest in a string of online education firms which have gone public this year, joining the likes of Coursera Inc and Nerdy Inc looking to cash in on the demand during the COVID-19 pandemic.
However, some recent hiccups in the U.S. IPO market forced hopefuls like NordicTrack-owner iFIT Health & Fitness Inc and Allvue Systems Holdings to pull the plug on their listings earlier this month. Both the companies cited adverse market conditions for delaying their share sales.
Udemy's shares opened at $27, down from the initial public offering price of $29.
