Online learning platform Coursera filed an application last week to become a publicly traded company and sell shares on the New York Stock Exchange under the ticker symbol COUR.
The initial public offering was long anticipated by industry analysts but is notable because few education-technology companies have taken the plunge. Most fail to reach the scale of companies such as Chegg and 2U, two publicly traded companies that announced their IPOs eight and seven years ago, respectively.
“The Coursera IPO has been the most anticipated capital event of the last few years among ed-tech prognosticators,” said Daniel Pianko, managing director of University Ventures, an investment firm focused on global higher education. “There is no logical buyer of Coursera, so an IPO is the natural way for investors to achieve a return on their investment.”
Due to healthy valuations and a network of around 77 million learners worldwide, leaders at Coursera are taking the company through this next step,…