Coursera, an online education platform offering courses in a variety of subjects, raised $519 million by offering 15.7 million shares (7% secondary) at $33, the high end of the range of $30 to $33. New investors Baillie Gifford and Capital Research had indicated on $125 million worth of shares in the offering.
Coursera has built a global platform connecting learners, educators, and institutions, providing educational content that is affordable, accessible, and relevant. The company partners with over 200 leading educational institutions and industry partners to bring quality higher education to a broad range of individuals, academic institutions, organizations, and governments.
Coursera plans to list on the NYSE under the symbol COUR. Morgan Stanley, Goldman Sachs, Citi and UBS Investment Bank acted as lead managers on the deal.
