Follow-on Offering

Technology & Services
Follow-on Offering

Summary

Baird served as co-manager on this offering

About

2U, Inc. (“2U” or the “Company”) (NASDAQ-GS: TWOU) recently completed a follow-on offering of 4,197,500 common shares (4,047,500 primary / 150,000 secondary) including 547,500 shares sold pursuant to the underwriters’ full exercise of their option to purchase additional shares, at a price of $49.00 per share, generating gross proceeds of approximately $206 million. The Company intends to use proceeds from the offering for general corporate purposes, including research and development activities.

2U partners with great colleges and universities to build what they believe is the world’s best digital education. The Company’s platform provides a comprehensive fusion of technology, services and data architecture to transform high-quality and rigorous campus-based universities into the best digital versions of themselves. 2U’s No Back Row® approach allows qualified students and working professionals around the world to experience a first-rate university education and successful outcomes. The Company is headquartered in Lanham, Maryland.
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Technology & Services
Follow-on Offering
Date
September 2017
Company
2U, Inc.
Transaction
M&A
Sectors
Technology & Services
Target Location
North America

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