Today we are taking part in 2 IPOs that will be listed during | Primor Investment Group

Today we are taking part in 2 IPOs that will be listed during the day –– Coursera and Achilles Therapeutics
*not an investment advice

Coursera –– Founded back in 2012 by two Stanford University professors, the company aims at educating millions of students from all over the world, while also changing the way of traditional teaching.

Ticker –– COUR
IPO listing date: 31/03/2021
IPO size: $495 million
Market cap: $4.1 billion
Listing price range: $30 – $33
Underwriters: Morgan Stanley, Goldman Sachs, Citigroup, UBS Investment Bank

Highlights:
- Coursera has over 200 partners in 29 countries, including large colleges, universities, and corporations.
- Research and Markets report that the online education market is expected to reach $286 billion by 2023 and Coursera is one of the market leaders
- Coursera is valued at $2.60B, and its IPO is one of the most anticipated among all companies in the education industry.
- In July 2020, Coursera got more than $130 millions from 19 large investors, and currently, Baillie Gifford Oversea and Capital Research Global Investor are purchasing $125 million worth of shares during Coursera’s IPO
- Since its inception, the company raised $443M
- The company showed +59% revenue growth in 2020 compared to 2019

Downsides
- Fluctuations in quarterly and annual revenues and operating results could lead to fluctuations in its market price
- The company remains unprofitable , showing a net loss of $66.8 million (this value increased by 43% compared to 2019).
- Coursera has undergone significant net losses since its inception and expects to continue experiencing losses in the foreseeable future.

https://www.coursera.org/