Udemy (UDMY) : 6-month performance

 

IPOs this week : Nov. 22 - 26, 21 (wk 47)

IPO quiet period expirations

• Globalfoundries (NASDAQ:GFS), Fluence Energy (NASDAQ:FLNC), Informatica (NYSE:INFA), Rent the Runway (NASDAQ:RENT), Solo Brands (NYSE:DTC), Arteris (NASDAQ:AIP), Augmedix (NASDAQ:AUGX) and Marpai (NASDAQ:MRAI) on November 22. 
• HireRight (NYSE:HRT), Udemy (NASDAQ:UDMY), Entrada Therapeutics (NASDAQ:TRDA), Sonendo (NYSE:SONX), AirSculpt Technologies (NASDAQ:AIRS), Aura Biosciences (NASDAQ:AURA), Biofrontera (NASDAQ:BFRI) on November 23.

IPO lockup expirations

• Paymentus (PAY) on November 22, 
• Figs (NYSE:FIGS), Singular Genomics Systems (NASDAQ:OMIC) and Day One Biopharmaceuticals (NASDAQ:DAWN) on November 23. 
• Centessa Pharmaceuticals (NASDAQ:CNTA) and Zivo Bioscience (NASDAQ:ZIVO) see IPO lockup periods end on November 24 and LianBio (NASDAQ:LIAN) has its lockup period expiring on November 26.

Udemy (UDMY) began trading on the Nasdaq on Fri 29 Oct 21

Sector(s): Consumer Defensive
Industry: Education & Training Services
Full Time Employees: 1,238
Incorporated in 2010
HQ in San Francisco, California
https://www.udemy.com

Online learning firm Udemy targets nearly $4 bln valuation

Oct 20 (Reuters) - Udemy Inc, which has grown rapidly over the past 18 months as demand for online learning surged during the pandemic, on Wednesday set terms for its initial public offering in New York, targeting a valuation of up to $4 billion from the share sale.

The company is the latest in a string of online education firms looking to cash in on the demand for new listings in the U.S., after Coursera Inc (COUR) and Nerdy Inc (NRDY) went public earlier this year.

San Francisco-based Udemy is looking to raise up to $420.5 million at the top end of its price range of $27 to $29 per share, according to a filing.

The company, which provides over 183,000 courses in 75 languages across more than 180 countries, earlier this year launched a direct-to-consumer subscription that is still in beta testing mode.

 

 

Morgan Stanley and J.P. Morgan are the lead underwriters for the offering.

Udemy plans to list on the Nasdaq under the symbol "UDMY".