Education platform Duolingo Inc. has filed for an initial public offering. Edtech giant Duolingo set an initial price range for its impending IPO today. Duolingo Jun 28, 2021, 18:46 ET. Duolingo could raise up to $511 million in the IPO, and on a fully diluted basis, the company's value would be over $4.6 billion at the high end of the range. 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. Luis and Severin met at Carnegie Mellon . 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. The underwriters can exercise this option at any time within 30 days from the date of this . A dds IPO raise details. After its IPO, Duolingo will have 35,892,152 shares outstanding, sans its underwriter's option. 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. At the lower and upper bounds of its simple IPO valuation, Duolingo is worth $3.1 billion to $3.4 . Lockup Expiration: 2021.10.29. Industry: Consumer Services. Additionally, DUOL has granted underwriters the option to purchase as many as some 766,000 extra Class . Once the paperwork done, the company sells the stock to institutional investors. Duolingo is expected to start trading on July 28. This description is adapted from prospectus. In total, the company's IPO might see 5,872,029 shares traded, valued at $557,842,755. Their revenue model is primarily based on advertising and a subscription model. The unicorn expects to price in its public debut at $85 to $95 per share, selling 3,700,000 in the deal. The offering was led by Goldman Sachs and included nine other firms. According to Duolingo, these sales will close "at the same initial public offering price, and at the same time, as any other purchases in this offering." Robinhood won't be an underwriter of the . The company is offering 5.1 million shares in the IPO at $102 each. This description is not intended to be a recommendation to buy stock from this company. Reuters July 26, 2021, 16:39 IST Duolingo is a technology company founded by two engineers, Luis von Ahn and Severin Hacker. * duolingo inc says raymond james is among underwriters to ipo * duolingo inc says general atlantic (du), l.p beneficially owned prior to offering 7.1% of class b shares 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 (Nasdaq:DUOL) shot up in its first session after an IPO that priced far above what the popular language-app firm had expected. 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. According to Duolingo, these sales will close "at the same initial public offering price, and at the same time, as any other purchases in this offering." Robinhood won't be an underwriter of the . 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 . 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 . Duolingo was valued at US$2.4 billion, after an investment from Durable Capital Partners and General Atlantic in November. Flying the flag for EdTech. The company said nearly 5.1 million shares will now be sold in the IPO at a price range between $95 and $100 each. 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 unicorn expects to price in its public debut at $85 to $95 per fragment, promoting 3,700,000 within the deal. So, Duolingo is peaceable selling 3.7 million shares in its debut, and some 1.41 million shares will be sold by reward equity holders. Goldman Sachs & Co and Allen & Company are the lead underwriters for the IPO. As with other elements of the language learning company's IPO, though, no details have yet been provided. The underwriters also performed due diligence and verified financial information and business model. Duolingo shares will be available to the public on the NASDAQ stock exchange under the ticker "DUOL.". Duolingo, Inc. IPO Advisory. The company was last valued at $2.4 billion after a $35 million funding from Durable Capital Partners and General Atlantic in November. The IPO will be led by Goldman Sachs and Allen & Co., two of 10 underwriters listed in the prospectus. Duolingo was valued at $2.4 billion after an investment from Durable Capital Partners and General Atlantic in November. U.S. edtech company Duolingo released a revised IPO price range this morning, boosting its potential per-share value to $100 after initially targeting a range that topped out at $95 per share.. Goldman Sachs & Co. LLC is the lead underwriter for the offering. 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 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 . Duolingo (DUOL) IPO priced. Duolingo is the world's leading mobile learning platform. IPO details and estimation of Duolingo capitalization. IPO Date: 2021.07.28. According to this, Duolingo intends to sell around 5.1 . On the day before Robinhood's IPO, foreign language learning app Duolingo raised more than $500 million in its share sale. Rather, it's simply acting as an early-stage broker of Duolingo shares. Duolingo was last valued at approximately $2.4bn in November 2020. Duolingo is yet to disclose the pricing and timing of the offering. On average, IPOs saw returns of 34% between April and July. Luis and Severin met at Carnegie Mellon . The company is offering 5.1 million shares in the IPO at $102 each. 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. The . Online and mobile language learning platform. Industry: Technology. 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. They are targeting a valuation of up to $3.4 billion with around $5 million shares being offered at the IPO. . /PRNewswire/ -- Duolingo, Inc. . The underwriters have a 30-day option to purchase an additional 0.8 million shares. Industry: Technology. Duolingo is worth $3.1 billion to $3.4 billion at the lower and maximum ranges of its basic IPO valuation. The company said nearly 5.1 million shares will now be sold in the IPO at a price range between $95 and $100 each. Return from IPO: +33.3%. Duolingo filed an amended S-1 form with the Securities and Exchange Commission (SEC) on July 19, 2021.. 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. At its IPO value, the corporate's non-diluted valuation is now $3.66 billion, not counting 765,916 shares that its underwriters might buy on the $102-per-share value in the event that they so select. IPO details and estimation of Duolingo capitalization. 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 . Duolingo could raise up . . IPO Report Duolingo, the fast-growing language-learning app, files for IPO . Online and mobile language learning platform. The company's underwriters furthermore reserved their ultimate to opt 765,916 shares of the company's stock at IPO worth within the 30 days following its debut. The corporate's underwriters additionally reserved their proper to purchase 765,916 shares of the corporate's inventory at IPO worth within the 30 days following its debut. 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. Initially, the company planned to offer the shares for $85-$95. Duolingo will not receive any proceeds from the sale of shares by the selling stockholders. Duolingo Inc. DUOL, +5.17%, a maker of educational and language-learning apps, revised the terms for its initial public offering on Monday, raising its proposed price range to $95 to $100 from a . Language learning app Duolingo began trading on the Nasdaq on Wednesday after pricing a $520 million initial public offering guided by Latham & Watkins LLP and underwriters' counsel Skadden Arps . Initially, the company planned to offer the shares for $85-$95. The unicorn expects to price in its public debut at $85 to $95 per share, selling 3,700,000 in the deal. Duolingo could raise up to $511 million in the IPO, and on a fully diluted basis, the company's value would be over $4.6 billion at the high end of the range. Goldman Sachs & Co and Allen & Company are the lead underwriters for the IPO. Duolingo will not receive any proceeds from the sale of shares by the selling shareholders. For IPO Boutique's "scale of 1 to 5" BUY rating on Duolingo, Inc., and our comprehensive analysis, click " Buy Market Research ". Share this article. Duolingo recorded revenue of $55.4 million for the three months ended March 31. Duolingo Priced, Nasdaq: DUOL. The offering was led by Goldman Sachs and included nine other firms. Duolingo will have 35,892,152 shares outstanding after the IPO, excluding the underwriters' option. On average, IPOs saw returns of 34% between April and July. 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 . 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. With more than 500 million downloads, the Duolingo app is the top-grosser in the education category on both Google Play . Duolingo intends to offer 3.7M, while certain pre-IPO stockholders will sell about 1.4M more. After all, Duolingo was valued at around $2.4 billion last November. Edtech giant Duolingo home an initial stamp fluctuate for its impending IPO this day. It had previously set the range at $85 to $95 per share. Edtech giant Duolingo set an initial price range for its impending IPO today. 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. Robinhood won't be an underwriter of the IPO (more on those entities in a moment). This came after the company earned $35m in funding from a number of private equity firms, bringing its total funding to over $180m so far. The company plans to start trading on the Nasdaq under the symbol "DUOL". Duolingo is a technology company founded by two engineers, Luis von Ahn and Severin Hacker. 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 offering 3,700,000 shares of Class A common stock and the selling stockholders named in the prospectus are offering 1,406,113 shares of Class A common stock. Shares closed up 36% at $139.01 apiece, giving Duolingo a market cap of nearly $5 billion . retail investors find themselves locked out of the proceedings as IPO underwriters eschew regular everyday buyers for their choicest clients . (Goldman Sachs/ Allen & Co. in Duolingo case) to come in and underwrite the IPO. The popular language learning app, Duolingo (DUOL), is expected to go public on 7/28/21 and priced around $85-$95 a share. The company's stock began trading at $141.40 a share, higher than Tuesday's IPO price of $102 apiece. Duolingo could raise up to $511 million in the IPO, and on a fully diluted basis . Duolingo is expected to start trading on July 28. In any case, Duolingo was valued at round $2.4 billion final November. . Edtech giant Duolingo set an initial price range for its impending IPO today. Return from IPO: +33.3%. On the day before Robinhood's IPO, foreign language learning app Duolingo raised more than $500 million in its share sale. Latest Trade: $135.96 0.00 (0.0%) First Day Return: +36.3%. Duolingo will not receive any proceeds from the sale of shares by the selling stockholders. Industry: Technology. The company is planning to trade its shares on NASDAQ under the ticker "DUOL," according to the IPO prospectus. The rally valued the company at more than $5 billion. The unicorn expects to price in its public debut at $85 to $95 per share, selling Duolingo's IPO could cast golden halo on edtech startups - Helewix Language-learning app Duolingo on Monday filed for a U.S. initial public offering and revealed that its revenue more than doubled in the first quarter this year. That's where Duolingo, an educational technology . 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.
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