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One year later, Coursera files to go publicINTL

One year later, Coursera files to go public

What have you learned since last Spring? The online education platform Coursera is one of the chosen few who have enjoyed tremendous growth since COVID-19 lockdowns left the world with excess time on its hands. Now, the company thinks it’s a good time to go public via an IPO.

The California-based EdTech company (which was founded in 2012) offers learners a wide selection of online education courses, certifications, and degrees in a wide variety of subjects. Often, these courses have been sourced from some of the world’s leading academic institutions, giving you a feel of what it’s really like to be taught by elite professors around the world.

Coursera has been in talks to go public with underwriters since last year but hasn’t taken any actionable steps in the legal process until now. The company was last valued at $2.4b in a Series F round of private funding last July. Since then, at least in the eyes of Bloomberg, its value should be around $5b.

why it matters
By going public, Coursera will follow the lead of several other EdTech companies that have gone public recently, including 2U, Chegg, K12 Inc, and Zovio Solutions. And so, it seems that distant learning is here to stay as the future of eduction.