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Coursera Considers Going Public In 2021: Report

Catherine Ross
·1 min read

Online education platform Coursera is considering going public next year, Bloomberg has reported.

What Happened: Coursera, which offers courses from the world’s top universities, is talking to underwriters about an IPO at a potential $5 billion evaluation, sources close to the matter told Bloomberg.

No final decision has been made, however, and the company still may choose to stay private, sources added.

Why It Matters: Online education has seen a boom this year, as millions of people had to stay home because of the pandemic, and a lot of companies went remote.

Competing platform Udemy has raised $50 million in a Series F funding round, TechCrunch recently reported. Investors in the round included Tencent Holdings ADR (OTC: TCEHY), owner of the Chinese platform WeChat.

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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