About 5.1 million shares will be offered in the IPO, priced between $85 and $95 each, which would rake in more than $485 million at the top end of that range. On a fully diluted basis, which includes securities such as stock options and restricted stock units, Duolingo would be valued at $4.38 billion at the maximum price. Nearly 1.4 million shares will be offered by the selling stockholders, proceeds from which will not go to the company. Duolingo has about 40 million monthly active users learning 40 languages, including Irish and Hawaiian, for which the company claims there are more online learners than there are native speakers. Duolingo was valued at $2.4 billion after an investment from Durable Capital Partners and General Atlantic in November.

Source: Mint July 19, 2021 15:22 UTC