Last week, the online learning platform, Coursera filed with the Securities & Exchange Commission to go public. Coursera is a California-based online learning platform founded in 2012 which offers certifications and degrees in a variety of subjects.
Coursera’s registered users have surged by 65% in the last year amid the shift to online learning due to the pandemic. Publicly traded companies that operate in the e-learning industry such as Chegg (NYSE: CHGG) and 2U (NASDAQ: TWOU) have also skyrocketed.
Coursera is looking to capitalize on the hot IPO market and investors' appetite for e-learning platforms. It will list in NYSE under the ticker symbol “COUR”. Morgan Stanley (NYSE: MS), Goldman Sachs (NYSE: GS), and Citigroup (NYSE: C) will serve as lead underwriters.
The magnitude of the offering and the value of the company have not yet been disclosed.