IPO - Profile

Udemy, Inc.

Consumer Services > Books

UDMY

Summary

Offer Price Offer Size 3-Year Outlook Volatility First Day Turnover
$29.00 14,500,000 Positive High 52.43%

Offering Team

  • Legal counsel
  • Simpson Thacher & Bartlett LLP
  • Auditors
  • Deloitte & Touche LLP

Deal Highlights

Our mission is to create new possibilities for people and organizations everywhere by connecting them to the knowledge and skills they need to succeed in a changing world. Our marketplace platform, with thousands of up-to-date courses in dozens of languages, provides the tools that learners, instructors, and organizations need to achieve their goals and reach their full potential. We believe traditional education and training methods are fast becoming outdated. Technological advancements and novel industries have significantly altered the types of skills required of workers, and lifelong training and continuous skills acquisition are becoming the norm. There is a clear need to expand access to learning and make it available across traditional barriers such as geography and social demographics. Udemy operates a marketplace platform at the center of a vibrant knowledge network. We have created a new approach to learning that allows real-world experts to continuously create and update relevant content to our platform, where it becomes easily accessible to learners globally. Our platform provides over 44 million learners with access to over 183,000 courses in 75 languages and over 180 countries. We define learners as people who have engaged with content through Udemy. They consist of individuals who purchase or enroll for free in single courses or subscriptions through our direct-to-consumer offering as well as those who learn through UB, our employer-sponsored subscription offering. Since inception, more than 73 million users have registered with Udemy.

Deal Tracker

IPO Dates

Filing 28 Oct, 2021

Offer 29 Oct, 2021

Look Ahead

Lock Up Expiry Apr 29, 2022

IPO Terms

Offer Price $29.00
Offer Size 14M

Market Sentiments

Stock Price