Coursera, Inc. (COUR) Prices 15.73M Share IPO at $33/Sh

Coursera, Inc. (NYSE: COUR) today announced the pricing of its initial public offering of an aggregate of 15,730,000 shares of its common stock at a price to the public of $33.00 per share. The offering includes 14,664,776 shares of common stock to be issued and sold by Coursera and 1,065,224 shares of common stock to be sold by the selling stockholders. The shares are expected to begin trading on The New York Stock Exchange under the ticker symbol “COUR” on March 31, 2021. The gross proceeds of the offering to the Company, before deducting underwriting discounts and commissions and other offering expenses, are expected to be $483.9 million, excluding any exercise of the underwriters’ option to purchase additional shares. Coursera will not receive any proceeds from the sale of shares of common stock by the selling stockholders. The offering is expected to close on April 5, 2021, subject to customary closing conditions.

Coursera has granted the underwriters a 30-day option to purchase up to 2,359,500 additional shares of common stock at the initial price to the public, less underwriting discounts and commissions.

Morgan Stanley and Goldman Sachs & Co. LLC are acting as lead book-running managers for the offering. Citigroup and UBS Investment Bank are acting as additional bookrunners, and KeyBanc Capital Markets, Raymond James, Stifel, Truist Securities, William Blair, D.A. Davidson & Co., Needham & Company, Loop Capital Markets, and Telsey Advisory Group are acting as co-managers for the offering.

The offering is being made only by means of a prospectus.

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