Online Learning Update

February 28, 2014

Online learning company 2U files for IPO of up to $100 million

Filed under: Online Learning News — Ray Schroeder @ 12:05 am

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.,0,2681078.story

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