Coursera, Inc.

General Information
Business:

Our mission is to provide universal access to world-class learning so that anyone, anywhere has the power to transform their life through learning. We believe that education is the source of human progress. In today’s economy in which the skills needed to succeed are rapidly evolving, education is becoming more important than ever. As automation and digital disruption are poised to replace unprecedented numbers of jobs worldwide, giving workers the opportunity to upskill and reskill will be crucial to raising global living standards and increasing social equity. Online education will play a critical role, enabling anyone, anywhere, to gain the valuable skills they need to earn a living in an increasingly digital economy.

We have built a global platform connecting learners, educators, and institutions, providing world-class educational content that is affordable, accessible, and relevant. We partner with over 200 leading educational institutions and industry partners to bring quality higher education to a broad range of individuals, academic institutions, organizations, and governments. We use the term organizations for Coursera for Business customers within our Enterprise segment. Our offerings range from Guided Projects to courses to fully online degrees, allowing learners to discover and access relevant and affordable content, consume it on a flexible schedule, and build upon their progress towards a broader program of study with a more advanced credential.

Our business has experienced rapid growth. As of Dec. 31, 2020, more than 77 million learners had registered on our platform, and over 2,000 organizations, 4,000 academic institutions, and 300 government entities had used our platform to upskill and reskill their employees, students, and citizens. We generated revenue of $184.4 million and $293.5 million for the years ended Dec. 31, 2019 and 2020, respectively, representing a growth rate of 59%. Our net loss was $46.7 million and $66.8 million for the years ended Dec. 31, 2019 and 2020, respectively.

(Note: Coursera priced its IPO on March 30, 2021, at $33 – the top of its $30-to-$33 range – on 15.73 million shares to raise $519.09 million.)

Industry: SERVICES - PREPACKAGED SOFTWARE - Online education
Employees: 779
Founded: 2011
Contact Information
Address 381 E. Evelyn Ave. Mountain View, California 94041
Phone Number (650) 963-9884
Web Address http://coursera.org/
View Prospectus: Coursera, Inc.
Financial Information
Market Cap $4103.51mil
Revenues $293.5 mil (last 12 months)
Net Income $-66.8 mil (last 12 months)
IPO Profile
Symbol COUR
Exchange NYSE
Shares (millions): 15.7
Price range $33.00 - $33.00
Est. $ Volume $519.1 mil
Manager / Joint Managers Morgan Stanley/ Goldman Sachs/ Citigroup/ UBS Investment Bank
CO-Managers KeyBanc Capital Markets/ Raymond James/ Stifel/ Truist Securities/ William Blair/ D.A. Davidson/ Needham & Co./ Loop Capital Markets/ Telsey Advisory Group
Expected To Trade: 3/31/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
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