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 story : Duolingo to offer 5.1 million shares in IPO priced at to each #FinanceUSA #StockMarketNEWS Duolingo Inc. , a maker of educational and language-learning apps, set terms for its initial public

@stockMarketNEWS 11 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Duolingo to offer 5.1 million shares in IPO priced at to each #FinanceUSA #StockMarketNEWS
Duolingo Inc. , a maker of educational and language-learning apps, set terms for its initial public offering on Monday with plans to offer 5.1 million shares priced at to each. The company would raise 4.5 million at the top of that range at a valuation of .4 billion, based on the 35.9 million shares expected to be outstanding once the deal is completed. Goldman Sachs and Allen & Co. are lead underwriters of a syndicate of 10 banks underwriting the deal. Proceeds will be used for general corporate purposes, including investments in businesses, products and technologies. The company has applied to list on Nasdaq, under the ticker "DUOL."


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