Udemy, Inc. (UDMY) Prices 14.5M Share IPO at $29/sh, Top of Range

Udemy, Inc. (NASDAQ: UDMY) today announced the pricing of its initial public offering of its common stock at a price of $29.00 per share. Udemy is offering 14,500,000 shares of its common stock, plus up to an additional 2,175,000 shares that the underwriters have a 30-day option to purchase. The shares are expected to begin trading on the Nasdaq Global Select Market on October 29, 2021 under the ticker symbol “UDMY” and the offering is expected to close on November 2, 2021, subject to customary closing conditions.

Morgan Stanley, J.P. Morgan, Citigroup, BofA Securities, Jefferies, and Truist Securities are acting as book-running managers for the offering. KeyBanc Capital Markets, Piper Sandler, William Blair, Baird, and Needham & Company are acting as co-managers for the offering. The underwriters initially propose to offer part of the shares of common stock directly to the public at the public offering price and part to certain dealers, including Drexel Hamilton and Guzman & Company, at the public offering price less a specified concession.

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