Education-Tech Company Udemy Falls in Debut After $421 Million IPO
- Online education company has market value of $3.8 billion
- Customers include companies such as Citi, Jaguar, PayPal, Box
This article is for subscribers only.
Education technology company Udemy Inc. fell 5.2% on its first day as a public company, a bottom-of-the-class debut in a banner year for U.S. listings.
Shares of the San Francisco-based Udemy, which sold for $29 in the IPO, closed at $27.50 in New York trading Friday, giving the company a market value of about $3.8 billion.