Edtech giant Duolingo set an initial price range for its impending IPO today. In addition, Duolingo has granted the underwriters a 30-day option to purchase an additional 765,916 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions. Language learning app Duolingo raises price range for IPO Duolingo, a popular language-learning platform, raised the price target for its initial public offering Monday to between $95 and $100 a share, up from a previous range of $85 to $95 a share. Duolingo sets IPO terms valuing firm at some $3.5 billion ... The underwriters of the IPO are BofA Securities, Goldman Sachs & Co. LLC, Deutsche Bank Securities, HSBC, Allen & Company LLC, Goldman Sachs & Co. LLC, Raymond James & Associates, Inc., KeyBanc Capital Markets Inc., JMP Securities LLC, Barclays Capital Inc., Evercore Group L.L.C., William . Initially, the company planned to offer the shares for $85-$95. One more 1,406,113 shares are being sold by current shareholders, and 765,916 shares are being offered to underwriting banks as a part of the transaction. A dds IPO raise details. This description is not intended to be a recommendation to buy stock from this company. Industry: Technology. Their revenue model is primarily based on advertising and a subscription model. Duolingo is the leading mobile learning platform globally. With over 500 million downloads, Duolingo's flagship app has become the world's most popular language learning tool and the most profitable education app on both Google Play and the Apple App Store. Duolingo IPO: Language-learning app Duolingo files for US ... Industry: Technology. Duolingo IPO: How to Trade on Duolingo's IPO | CMC Markets Another 1,406,113 shares are being sold by existing shareholders, and 765,916 shares are being offered to underwriting banks as part of the transaction. Duolingo shares will be available to the public on the NASDAQ stock exchange under the ticker "DUOL.". Edtech giant Duolingo set an initial price range for its impending IPO today. Latham & Watkins Advises Duolingo on IPO Luis and Severin met at Carnegie Mellon . Initially, the company planned to offer the shares for $85-$95. So, Duolingo is still selling 3.7 million shares in its debut, and some 1.41 million shares will be sold by existing equity holders. Duolingo is yet to disclose the pricing and timing of the offering. Duolingo was last valued at approximately $2.4bn in November 2020. Duolingo Boosts IPO Price Target In Boon To Edtech ... Duolingo eyes over $3 bln valuation in U.S. IPO as online ... July 19 (Reuters) - Language-learning app Duolingo Inc said on Monday it was aiming to be valued at up to $3.4 billion in its initial public offering in the United States . How to Invest in Duolingo (DUOL) IPO 2021 Latest Trade: $135.96 0.00 (0.0%) First Day Return: +36.3%. Duolingo Initial Public Offering What is an IPO and how it works. The underwriters of the IPO are BofA Securities, Goldman Sachs & Co. LLC, Deutsche Bank Securities, HSBC, Allen & Company LLC, Goldman Sachs & Co. LLC, Raymond James & Associates, Inc., KeyBanc Capital Markets Inc., JMP Securities LLC, Barclays Capital Inc., Evercore Group L.L.C., William . The company's underwriters also reserved their right to buy 765,916 shares of the company's stock at IPO price in the 30 days following its debut. The popular language learning app, Duolingo (DUOL), is expected to go public on 7/28/21 and priced around $85-$95 a share. After its IPO, Duolingo will have 35,892,152 shares outstanding, sans its underwriter's option. The company is offering 5.1 million shares in the IPO at $102 each. The . So, Duolingo continues to be promoting 3.7 million shares in its debut, and a few 1.41 million shares can be offered by current fairness holders. Language-Learning App Duolingo Files for U.S. IPO, Reveals Revenue Surge More Woman with her smartphone poses in front of displayed Duolingo logo in this illustration taken, June 29, 2021. Duolingo, Inc. IPO Advisory. Duolingo was valued at $2.4 billion after an investment from Durable Capital Partners and General Atlantic in November. Robinhood won't be an underwriter of the IPO (more on those entities in a moment). As with other elements of the language learning company's IPO, though, no details have yet been provided. Return from IPO: +33.3%. Per the unicorn's SEC filings, Duolingo is now targeting a $95 to $100 per share IPO price range, up from $85 to $95 per share, or a gain of around 12% at the bottom and 5% at the top. Duolingo's IPO may come at a profitable time, as data from investment bank Renaissance Capital reported that the recent second quarter of 2021 was the busiest quarter for IPOs since 2000. Duolingo recorded revenue of $55.4 million for the three months ended March 31. This is an initial public offering of shares of Class A common stock of Duolingo, Inc. We are offering shares of our Class A common stock, and the selling stockholders identified in this prospectus are offering shares of Class A common stock. Reuters July 26, 2021, 16:39 IST At its IPO price, the company's nondiluted valuation is now $3.66 billion, not counting 765,916 shares that its underwriters may purchase at the $102-per-share price if they so choose. The offering was led by Goldman Sachs and included nine other firms. The underwriters have a 30-day option to purchase an additional 0.8 million shares. (Goldman Sachs/ Allen & Co. in Duolingo case) to come in and underwrite the IPO. In addition, Duolingo has granted the underwriters a 30-day option to purchase an additional 765,916 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions.
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