The company said nearly 5.1 million shares will now be sold in the IPO at a price range between $95 and $100 each. It had previously set the range at $85 to $95 per share. Duolingo could raise up to $511 million in the IPO, and on a fully diluted basis, the company's value would be over $4.6 billion at the high end of the range.
from Latest Telecom News | Latest Telecom Industry News, Information and Update: ET Telecom : ETTelecom.com https://ift.tt/36Z55BJ
Monday, July 26, 2021
Language learning app Duolingo raises price range for IPO
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