Carnegie Mellon-linked Duolingo raised $521m in an upsized offering and saw its shares rise 36% on their first day.
Duolingo, a US-based language learning platform developer based on research at Carnegie Mellon UNiversity, 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 each, above a $95 to $100 range already increased from $85 to $95.
Duolingo has listed using the ticker symbol DUOL and shares closed…
