Monday, May 20

Online Learning Platform Coursera files for IPO

MOUNTAIN VIEW, Calif., 8th March 2021– Online learning platform Coursera has filed for an IPO with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Coursera has applied to list its common stock on the New York Stock Exchange under the ticker symbol “COUR”.

Morgan Stanley and Goldman Sachs & Co. LLC will act as lead book-running managers for the proposed offering.

As per the IPO filing, Coursera 51 percent revenue came from outside the US. The online learning platform reported a 59 percent revenue increase in 2020 that came from over 77 million registered users.

More than 2,000 businesses (including 25 percent of Fortune 500 companies) and 100 government agencies paid for its enterprise courses.

Coursera was launched in 2012 by two Stanford Computer Science professors, Andrew Ng and Daphne Koller partner with over 200 leading university and industry partners to offer a broad catalog of content and credentials, including Guided Projects, courses, Specializations, certificates, and bachelor’s and master’s degrees.

More than 6,000 institutions have used Coursera to upskill and reskill their employees, citizens, and students, including in high-demand fields such as data science, technology, and business.