2U educates on online future with $120m IPO

2U, a US-based software as a service supplier for online learning, has raised $120m in their initial public offering.

2U provides educational institutions with the comprehensive operating infrastructure needed to attract, enrol, educate, support and graduate their students in a cloud-based platform. Partner universities include the University of Southern California, Georgetown University, and others, even reaching as far as the University of Melbourne in Australia. 

Goldman Sachs and Credit Suisse Securities are acting as joint book-running managers for the offering.…