Education Firm Coursera Climbs in Debut After $519 Million IPO
- Firm thrived in pandemic, reaches $7.47 billion diluted value
- CEO says past year ‘huge forced experiment’ for online classes
This article is for subscribers only.
Online education provider Coursera Inc. rose 36% in its trading debut after its initial public offering priced above a marketed range to raise $519 million.
The shares, which sold for $33 in the IPO, closed at $45 Wednesday in New York trading, giving the company a market value of $5.86 billion. Including employee stock options and restricted stock units, it would have a fully diluted valuation of $7.47 billion.