Will Coursera’s IPO start trading Wednesday?

Coursera’s offering is being led by Morgan Stanley and Goldman Sachs Group Inc. The company’s shares are expected to begin trading Wednesday on the New York Stock Exchange under the symbol COUR.

What is Coursera's stock offering?

The offering includes 14,664,776 shares of common stock to be issued and sold by Coursera and 1,065,224 shares of common stock to be sold by the selling stockholders. The shares are expected to begin trading on The New York Stock Exchange under the ticker symbol “COUR” on March 31, 2021.

How much is Coursera worth?

On Tuesday, Coursera priced its 15.73 million shares at $33 apiece — the high end of its initial $30 to $33 target range. In its offering, the company raised nearly $520 million at an implied $4.3 billion valuation. Coursera was last valued in the private market at $3.6 billion, according to PitchBook.

What happened to Coursera in 2019?

Partly due to the boom in remote learning during the pandemic, Coursera’s revenue climbed to $294 million last year, compared with $184 million in 2019, according to its filing. Its net loss rose to $67 million from $47 million during that period. Coursera raised $130 million in July at a valuation of $2.6 billion, according to PitchBook.