By Niket Nishant and Manya Saini
(Reuters) – Udemy, which has grown rapidly over the past 18 months as demand for online learning surged during the pandemic, set the terms of its initial public offering (IPO) on Wednesday, targeting a valuation of up to 4 billion of dollars.
The company is the latest in a string of online education companies looking to market resources after Coursera and Nerdy joined this year.
San Francisco-based Udemy is looking to raise as much as $420.5 million at the upper end of its $27-$29-per-share price range, according to a document.
The company, which offers more than 183,000 courses in 75 languages in more than 180 countries, earlier this year launched a direct-to-consumer subscription that is still in beta testing mode.
Morgan Stanley and JPMorgan are the coordinators of the offer.
Udemy plans to list on Nasdaq with the symbol “UDMY”.
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