other material
confidence high
sentiment positive
materiality 0.85
Duolingo completes IPO on July 30, 2021; gross proceeds of $455.5M from 5.87M shares at $102/share
Duolingo, Inc.
- Offered 5,872,029 shares of Class A common stock at $102.00 per share, including full underwriter option exercise.
- Company sold 4,465,916 shares for gross proceeds of $455.5M; selling stockholders sold 1,406,113 shares with no proceeds to Duolingo.
- Amended and restated certificate of incorporation and bylaws became effective upon IPO closing on July 30, 2021.
- IPO detailed in final prospectus dated July 27, 2021; Class A common stock began trading on Nasdaq under ticker DUOL.