A mother working from home sits alongside her son, not pictured, attending school remotely in an arranged photograph taken in Miami, Florida, U.S., on Tuesday, Sept. 8, 2020. Tens of thousands of students and teachers haven't been able to access K12's My School Online platform this week. Miami-Dade public school revealed Wednesday that the district never signed a $15.3m no-bid contract with K12 Inc., the company at the center of the "unprecedented crisis," according to a Miami Herald report. Photographer: Jayme Gershen/Bloomberg The listing gives the company a market value of about $4.3 billion based on the outstanding shares listed in its filings with the U.S. Securities and Exchange Commission. Including employee stock options and restricted stock units, it would have a fully diluted valuation of more than $5.4 billion.
Coursera, based in Mountain View, California, works with more than 200 universities and other educators to offer courses, certification and degree programs, according to its website.
Partly do to the boom in remote learning during the pandemic, Coursera’s revenue climbed to $294 million last year, compared with $184 million in 2019, according to its filing. Its net loss rose to $67 million from $47 million during that period.
Coursera raised $130 million in July at a valuation of $2.6 billion, according to PitchBook. Its backers include New Enterprise Associates, Kleiner Perkins and G Squared, the company’s filings show.
Another online education startup, Udemy Inc., raised money at a $3 billion valuation and has told investors it could pursue an IPO this year,
Coursera’s offering is being led by Morgan Stanley and Goldman Sachs Group Inc. The company’s shares are expected to begin trading Wednesday on the New York Stock Exchange under the symbol COUR.