secwatch.observer — SEC 8-K summary
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Issuer:     Duolingo, Inc. (DUOL)
CIK:        0001562088
Form:       8-K
Filed at:   2021-07-30T23:59:59+00:00
Accession:  0001628280-21-015040
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Duolingo completes IPO on July 30, 2021; gross proceeds of $455.5M from 5.87M shares at $102/share
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562088/000162828021015040/0001628280-21-015040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562088/000162828021015040/duolingo-8xk.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-015040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer