EdTech firm Udemy plummets in price after $421 million IPO debut
Education technology firm Udemy Inc’s shares opened below the offer, making the market debut one of the worst initial public offerings in the U.S. this year
By Arghyadeep Dutta
Published - Oct 29, 2021, 10:15 PM ET
Last Updated - Jun 05, 2024, 03:19 AM EDT
=• Udemy has a market value of $3.7 billion after its debut, down from $4.3 billion
• Corporate customers include companies such as Citi, Jaguar, PayPal, Box
Education technology firm Udemy Inc’s shares opened below the offer, making the market debut one of the worst initial public offerings in the U.S. this year.
The San Francisco-based company sold its shares for $29 in the IPO; however, on Friday, it opened at $27 and fell more than 10% at around 11 a.m. in the Nasdaq stock exchange.
