IPO for Online Course Provider Coursera (COUR) Opens 18% Higher

Today's IPO for online course provider Coursera, Inc. (NYSE: COUR) opened for trading at $39 after pricing 15,730,000 shares of its common stock at a price to the public of $33 per share.

Morgan Stanley and Goldman Sachs & Co. LLC are acting as lead book-running managers for the offering. Citigroup and UBS Investment Bank are acting as additional bookrunners, and KeyBanc Capital Markets, Raymond James, Stifel, Truist Securities, William Blair, D.A. Davidson & Co., Needham & Company, Loop Capital Markets, and Telsey Advisory Group are acting as co-managers for the offering.

Coursera was launched in 2012 by two Stanford Computer Science professors, Andrew Ng and Daphne Koller, with a mission to provide universal access to world-class learning. It is now one of the largest online learning platforms in the world, with 77 million registered learners. Coursera partners with over 200 leading university and industry partners to offer a broad catalog of content and credentials, including Guided Projects, courses, Specializations, certificates, and bachelor’s and master’s degrees. More than 6,000 institutions have used Coursera to upskill and reskill their employees, citizens, and students, including in high-demand fields such as data science, technology, and business.

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