Coursera says it expects IPO to price between $30 and $33 a share

Dow Jones2021-03-23

MW Coursera says it expects IPO to price between $30 and $33 a share

Coursera expects to sell more than 15 million shares in its upcoming initial public offering for between $30 and $33 apiece, it said in a filing Monday. The education technology company announced plans to go public earlier this month, listing Goldman Sachs and Morgan Stanley among its underwriters. The company said the COVID-19 pandemic "sharply increased" the need for online learning last year, and the company has launched several initiatives to mitigate the pandemic's impact on learning. The company reported 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. Coursera plans to list on the New York Stock Exchange under the symbol COUR.

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March 22, 2021 16:29 ET (20:29 GMT)

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2021-03-31
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