Coursera, an online learning company that offers online courses from top universities and companies, saw a big jump in share price after its initial public offering on the New York Stock Exchange. Coursera shares rose by almost a fifth after opening at $39 a share, 18 per cent above the IPO price of $33. Coursera’s opening balance stood in contrast to a disastrous London debut for Deliveroo, which lost 26 percent on its first day of trading today.
According to Pitchbook, Coursera’s valuation has doubled since the last round of funding in July, with its recent positive debut, and with 15.7 million shares at the top of its price range. The company’s platform, which is used by more than 3,700 institutions offering a range of courses, has improved trading with people learning new skills during the pandemic.
For more information read the <a href=”https://www.cityam.com/online-learning-platform-coursera-jumps-on-us-stock-market-debut/” target=”_blank” rel=”noopener”>original story</a> in City A.M.