Baird's Investment Banking Group is pleased to announce the following transaction:

November 2021
Udemy, Inc.
Initial Public Offering
Technology & Services
Baird served as a co-manager on this offering
$420.500 Million

Udemy, Inc. (“Udemy” or the “Company”) (NASDAQ: UDMY) recently completed an initial public offering of 14,500,000 shares of common stock at a price of $29.00 per share, generating gross proceeds of approximately $420.5 million. The Company intends to use the net proceeds from the offering for general corporate purposes.

Udemy is an open online course provider used by professional adults and students. The Company’s marketplace platform, with thousands of up-to-date courses in dozens of languages, provides the tools that learners, instructors, and enterprises need to achieve their goals and reach their full potential. Udemy operates a two-sided marketplace where instructors develop content to meet learner demand. Courses can be accessed through the direct-to-consumer or Udemy Business (“UB”) offerings. Udemy’s platform provides over 39 million learners with access to over 158,000 courses in over 65 languages and 180 countries. Udemy is headquartered in San Francisco, California.

For additional information about this transaction, please contact:

Dan Alfe +1-312-609-4922
Macie House +1-503-273-4937
Jeremy Fiser +1-312-609-7064
John Moriarty +1-303-270-6325
Martin Luen +44-20-7667-8381
Ryan Engelhardt +1-414-298-2637