Source: Forbes
With over 40 million users and 40 languages available, the Duolingo educational app was valued at $2.4 billion in 2020
Duolingo announced today (19) that it intends to be valued at up to US$3.4 billion in its initial public offering of shares.
On a diluted basis, which includes stock options and restricted stocks, the company could be valued at $4.38 billion at the top of the indicative stock price range.
Duolingo was created in 2011 in the United States and offers courses in 40 languages to approximately 40 million monthly active users.
The company will offer 5.1 million shares in the IPO and the indicative range was defined between US$ 85 and US$ 95 per share.
In November, the company was valued at $2.4 billion after receiving an investment from Durable Capital Partners and General Atlantic. (With Reuters)
Source: Forbes
