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EdTech: K-12

EdTech: K-12

Duolingo Targets USD 3.5 Billion Valuation In Updated IPO Filing

On Monday morning, Duolingo, the Pittsburgh, Pennsylvania-based language learning platform company, filed updated paperwork sharing additional details of its upcoming initial public offering (IPO), which will see shares publicly traded on the New York Stock Exchange under the ticker symbol DUOL.

What we now know

In its amended S-1 statement, Duolingo disclosed its intent to offer just over 5,106,113 shares at an estimated price of between USD 85.00 and USD 95.00 per share, raising between USD 434 million and USD 485 million in the transaction. Underwriters have the option to purchase an additional 765,916 shares at the IPO price, which could yield between USD 65.1 million and USD 72.76 million in additional proceeds. 

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