Follow-On Offering

Technology & Services
Follow-On Offering

Summary

Baird served as a co-manager on this offering.

About

2U, Inc. (“2U” or the “Company”) (NASDAQ-GS: TWOU) recently completed a follow on offering of 4,025,000 shares of common stock at a price of $34.00 per share, generating gross proceeds of $136.9 million, including the over-allotment option which was fully exercised. The Company intends to use the net proceeds from the offering for general corporate purposes, including expenditures for program marketing, sales, technology, and content development, in connection with new program launches and growing existing programs. The Company did not receive any proceeds from shares of common stock sold by the selling stockholders.

2U partners with leading colleges and universities to deliver the world’s best online degree programs so students everywhere can reach their full potential. The Company’s platform, a fusion of cloud-based software-as-a-service (SaaS) technology and technology-enabled services, provides schools with the comprehensive operating infrastructure they need to attract, enroll, educate, support and graduate students globally. 2U is headquartered in Landover, Maryland.

For additional information about this transaction, please contact:

Peter Kies +1 (414) 765-7262
Dan Alfe +1 (312) 609-4922
Andrew Snow +1 (312) 609-4972
Chase Sanders +1 (202) 303-1807
David Silver +44 207 667 8216
Technology & Services
Follow-On Offering
Date
October 2015
Company
2U, Inc.
Transaction
M&A
Sectors
Technology & Services
Target Location
North America

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