Udemy Files For US IPO

October 5, 2021 4:14 PM | 1 min read |

Online learning platform Udemy Inc UDMY filed for a U.S. initial public offering.
Udemy aims for a Nasdaq listing under the symbol "UDMY."
Udemy is yet to disclose the financial terms of the IPO.
The online learning company was worth $3.3 billion during a November 2020 financing round, Reuters reports.
The pandemic triggered remote learning provided an immense impetus to the industry, facilitating the IPOs of Coursera Inc COUR and Nerdy Inc NRDY.
Udemy's revenue grew 55.6% year-on-year to $429.9 million in 2020. It incurred a net loss of $(77.6) million.
Price Action: COUR shares closed higher by 1.27% at $31.20 on Tuesday.

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