(MarketWatch) Education and language app maker Duolingo Inc. has raised its proposed price range for IPO to between $95 and $100. The previous price range was $85 to $95.
Duolingo plans to offer 5.1 million shares, raising $510 million at the top of the range
The company plans to use the IPO proceeds for general corporate purposes such as investments in businesses, technologies, and products.
Once issued, Duolingo will be valued more than $3.4 billion and will trade on Nasdaq under ticker “DUOL.”
