Duolingo boosts IPO price target in boon to edtech startups
https://techcrunch.com/2021/07/26/duolingo-boosts-ipo-price-target-in-boon-to-edtech-startups/
U.S. edtech company Duolingo released a revised IPO price range this morning, boosting its potential per-share value to $100 after initially targeting a range that topped out at $95 per share.
Per the unicorn’s SEC filings, Duolingo is now targeting a $95 to $100 per share IPO price range, up from $85 to $95 per share, or a gain of around 12% at the bottom and 5% at the top.