|Bid||40.78 x 1300|
|Ask||40.76 x 1200|
|Day's Range||40.27 - 42.04|
|52 Week Range||11.51 - 49.46|
|Beta (5Y Monthly)||0.85|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 10, 2020 - Nov 16, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||50.75|
2U, Inc. (Nasdaq: TWOU) ("2U"), a global leader in education technology, today announced the pricing of an underwritten public offering of 6,800,000 shares of its common stock at a price to the public of $45.50 per share. In addition, 2U has granted the underwriters a 30-day option to purchase up to an additional 1,020,000 shares of common stock from 2U at the public offering price, less the underwriting discount. The offering is expected to close on or about August 10, 2020, subject to customary closing conditions.
2U, Inc. (Nasdaq: TWOU) ("2U"), a global leader in education technology, today announced that it is commencing a registered public offering of $300,000,000 of its common stock. In connection with the offering, 2U intends to grant the underwriter a 30-day option to purchase up to $45,000,000 of additional shares of common stock.
Shares of online-education enabler 2U (NASDAQ: TWOU) were up nicely on Friday, after the company reported results for the second quarter of 2020 that exceeded Wall Street's expectations. It's been quite a rebound for 2U stock. After falling hard earlier in the year, shares have now quadrupled from March lows as investors see a golden opportunity for online education in the coronavirus era.