Coursera, an edtech unicorn, will begin its life today as a public company after pricing its IPO at $33 per share yesterday evening. Using a simple share count, the company’s valuation comes to $4.30 billion, or $4.38 billion if its underwriters exercise their option to purchase shares at its…
Coursera says the COVID-19 pandemic 'sharply increased the need for online learning beginning in 2020.'
Coursera is backed by investors including The World Bank and EDBI. The investors set to receive the biggest payout from the IPO include New Enterprise Associates, G Squared, Kleiner Perkins and Future Fund. Coursera reported $293.5 million in revenue in 2020, up 59 percent from $184.4 million in 2019.