The Prosus and Benesse-backed online skills learning marketplace priced its shares at the top of their range to raise approximately $421m.

US-based online education provider Udemy secured approximately $421m on Friday in an initial public offering on the Nasdaq Global Select Market that provided exits for internet group Prosus and remote learning service Benesse.

The company priced 14.5 million shares at the top of the IPO’s $27 to $29 range, and they closed at $27.50 on its first day of trading, equating to a $4.8bn market capitalisation.

Udemy runs an online platform which enables adult users to access courses which…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.