by Reuters
2U Inc, which builds online learning platforms, filed with U.S. financial regulators on Friday to raise up to $100 million in an initial public offering of common stock. The Landover, Maryland-based company provides cloud-based online learning platforms that help nonprofit colleges and universities in student enrollment, education, support and other services. Goldman Sachs & Co and Credit Suisse Securities (USA) LLC are the lead underwriters to the offering, the company said in a filing with the U.S. Securities and Exchange Commission. 2U, founded in 2008, is betting on the growing acceptance of and demand for online post-secondary education programs among students, academic institutions and employers.
http://www.chicagotribune.com/business/sns-rt-us-2u-ipo-20140221,0,2681078.story
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