Udemy Completes $420.5 Million IPO

Technology & Services

Udemy IPO


Summary

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.

Baird served as a co-manager on this offering.

About

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.
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Technology & Services

Udemy IPO

Date
November 2021
Company
Udemy, Inc.
Transaction
Equity Capital Markets
Sectors
Technology & Services
Verticals
Knowledge Solutions
Target Location
North America

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