NEW YORK — Pittsburgh-based Duolingo, Inc brought the Terrible Towel to Times Square last week to celebrate the company’s initial public offering on Nasdaq last week.
The language learning app started trading on July 28, with pricing per share between $95 and $100, according to our news partners at the Pittsburgh Business Times.
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Duolingo is now a public company, listed as $DUOL on @Nasdaq!
— Duolingo (@duolingo) July 30, 2021
We have been—and always will be—a mission-driven organization, working toward giving everyone access to the best quality of education.
Read more about what our #DUOLIPO means: https://t.co/gIrbpbsa5R pic.twitter.com/HEkFdykm3T
The company is selling 5,106,113 shares of Class A common stock. That includes 1,406,113 offered by some of its existing stockholders; Duolingo will not receive any proceeds from this, according to the Pittsburgh Business Times.
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