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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Aug. 10, 11:07 PM

Slide #3. 2U, Inc. Secondary Offering

Company: 2U, Inc. (NASDAQ:TWOU)
Date announced: 8/5/2020
Shares Offered: 6,800,000
Date of Pricing: 8/6/2020
Price Per Share: $45.50
Secondary Offering Details: 2U, Inc. (Nasdaq: TWOU) ("2U"), a global leader in education technology, today announced that it is commencing a registered public offering of $300,000,000 of its common stock. In connection with the offering, 2U intends to grant the underwriter a 30-day option to purchase up to $45,000,000 of additional shares of common stock. -updated 8/6- 2U, Inc. (Nasdaq: TWOU) ("2U"), a global leader in education technology, today announced the pricing of an underwritten public offering of 6,800,000 shares of its common stock at a price to the public of $45.50 per share. In addition, 2U has granted the underwriters a 30-day option to purchase up to an additional 1,020,000 shares of common stock from 2U at the public offering price, less the underwriting discount. The offering is expected to close on or about August 10, 2020, subject to customary closing conditions.

2U is provider of education technology for nonprofit colleges and universities. Co. builds, delivers, and supports digital and in-person educational offerings, including graduate degrees, undergraduate degrees, professional certificates, boot camps, and short courses, across the career curriculum continuum. In its Graduate Program Segment, Co. provides the technology and services to nonprofit colleges and universities to enable the online delivery of degree programs. In its Alternative Credential Segment, Co. provides online short courses and technical, skills-based boot camps through relationships with nonprofit colleges and universities.

TWOU SEC Filing Email Alerts Service

Open the TWOU Page at The Online Investor »

Company Name:  2U Inc
Sector:  Application Software
Number of ETFs Holding TWOU:  32
Total Market Value Held by ETFs:  $382.94M
Total Market Capitalization:  $2.73B
% of Market Cap. Held by ETFs:  14.02%

Open the TWOU Page at The Online Investor (in a new window) »

August 10, 2020    11:07 PM Eastern
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