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VC-Backed Education Technology Startup Open English Is Said to Plan 2022 IPO

  • Company is working with a financial adviser on plans
  • Potential IPO would follow Udemy, Duolingo, PowerSchool
A high school student works on an assignment on a laptop computer at home during a remote learning day in Princeton, Illinois, U.S., on Wednesday, Aug. 19, 2020.

A high school student works on an assignment on a laptop computer at home during a remote learning day in Princeton, Illinois, U.S., on Wednesday, Aug. 19, 2020.

Photographer: Daniel Acker/Bloomberg

Open English, an online English school targeting Spanish speakers, is planning a U.S. initial public offering next year, according to people with knowledge of the matter.

The company is working with financial advisers to prepare for the stock offering, the people said, asking not to be identified discussing private information.