2U Plans To Raise $300M Through Public Offering

Lanham, Md–based edtech company 2U announced plans this week to raise about $300 million through a public stock offering.

To be precise, the company is offering 3,333,334 shares of its common stock at a price to the public of $90.00 per share. The offering, which comes four years after the company debuted on public markets, runs through Friday.

2U partners with colleges and universities to offer online degree programs. The new funding will be used for marketing, technology and content development for new and existing programming, according to a statement. It also hints at “strategic acquisition of, or investment in, complementary products, technologies, solutions or businesses.”

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