On Friday, the online learning platform – Coursera filed for IPO (initial public offering) with US regulators. Due to the covid-19 pandemic around the world, Coursera saw a boost in its revenue. The company said during filing for an IPO that, their Revenue increased 59% to $293.5 million by 31st December 2020.
The company said it added over 12,000 new degrees students over the two years ended December 31 2020, at an average acquisition cost of under $2,000.
The IPO will be listed on the New York Stock Exchange, under the symbol of “COUR”.
The company is based in California and offers online courses and degree program from top universities around the world. There are more than 150 universities offering 4000+ online courses or degree program.
The Company was started in April 2020 and is currently 8 Years Old. The company was founded by Andrew Ng and Daphne Koller. Currently, Jeff Maggioncalda is the CEO of Coursera. During the pandemic, Coursera has also partnered with more than 330 Government agencies across 70 countries and 30 US States and cities for the part of Coursera Workforce Recovery Initiative.
To help the Education Institution during Covid-19 Pandemic, it launched Coursera for Campus for students stuck at home.
Morgan Stanley, Goldman Sachs and Citigroup are among the underwriters for the education technology company’s offering.