Duolingo Inc - Ordinary Shares - Class A

NASDAQ:DUOL   3:59:58 PM EDT
202.99
+1.13 (+0.56%)
Equity Financing / Related, Initial Public Offerings

Babbel Group Sets Price Range For Planned IPO At 24 To 28 Eur

Published: 09/15/2021 05:15 GMT
Duolingo Inc - Ordinary Shares - Class A (DUOL) - Sets Price Range for Its Planned Ipo at EUR 24 to 28.
Price Range Implies a Market Capitalization of EUR 1,084 Million to 1,265 Million.
Offering Consists of 7.3 Million Newly Issued Shares, 4.0 Million Existing Shares From Holdings of Existing Shareholders and Up to 1.7 Million Existing Shares From Holdings of Certain Existing Shareholders in Connection With a Possible Over-allotment.
at Mid-point of Price Range, Company Expects to Receive Gross Proceeds of Approximately EUR 190 Million.
Free Float is Expected to Amount to Up to 29%, Assuming Full Exercise of Greenshoe Option.
Offer Period Will Commence on September 15, 2021, and is Expected to End on September 22, 2021, With First Day of Trading Planned for September 24, 2021.
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