Baird served as a co-manager on this offering.
About2U, 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:
- October 2015
- 2U, Inc.
- Technology & Services
- Target Location
- North America
BGRS, a subsidiary of Relo, combination with SIRVA, a portfolio company of MDP
BHI, a portfolio company of AEI, acquisition by Westinghouse, a portfolio company of Brookfield