CapitalG sold $36.3m of shares in an upsized offering for the language learning app developer, which saw its shares rise 36% on their first day.
DuoLingo, the US-based language learning platform developer backed by internet and technology group Alphabet, went public yesterday in a $521m initial public offering on the Nasdaq Global Select Market.
The company issued 3.7 million class A shares while its shareholders sold just over 1.4 million class B’s. They were priced at $102.00 each, above a $95 to $100 range already increased from $85 to $95. It shares closed at $139.01 on their first day of trading yesterday.
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