Online Learning Platform Coursera Files For U.S. IPO

Free Digital Marketing Courses Online 2020 during QuarantineMarch 5 (Reuters) - Online training provider Coursera Inc on Friday filed for a inventory market itemizing with U.S. Revenue rose 59% to $293.5 million for the 12 months ended Dec. 31, 2020, the company mentioned in a filing. Coursera provides courses comparable to machine studying, cloud computing and language studying, with its platform used by more than 3,seven-hundred faculties and universities, in response to the company's web site. It launched "Coursera for Campus" in response to the pandemic to help educational establishments supply courses to caught-at-dwelling college students. Online learning platforms also benefited as retrenched staff took online courses to rotate into new careers. Mountain View, California-primarily based Coursera was founded in 2012 and its buyers embody enterprise capital agency GSV Capital and Kleiner Perkins. The corporate raised $130 million in funding in July, bringing its cash steadiness to more than $300 million. Other online studying portals akin to Nerdy Inc. Skillsoft chose to go public by means of offers with clean-verify companies as effectively. Coursera's net loss widened to $66.Eight million for the yr ended Dec. 31, from a $46.7 million loss a yr earlier. Morgan Stanley, Goldman Sachs and Citigroup are among the many underwriters for the schooling know-how firm's offering.

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