trending Market Intelligence /marketintelligence/en/news-insights/trending/m4p6cfzy8uyikvzbqs1fqa2 content esgSubNav
In This List

2U begins $300M public offering of common stock

Blog

HDFC Securities Investment Research Now Available through S&P Capital IQ Pro

Podcast

MediaTalk | Season 2
Ep.2 Back to the Box Office

Blog

The Marriage of Two Best-in-Class Solutions Delivers a Significant Advancement in Data Visualization and Technical Analysis

Case Study

A Green Lender Adopts a Robust Approach for Assessing Project Finance Credit Risks


2U begins $300M public offering of common stock

2U Inc. said May 21 that it commenced a proposed public offering of up to $300 million of its common stock.

The company also gave underwriters a 30-day option to purchase up to an additional $45 million of common stock at the public offering price. All of the shares in the offering will be sold by the company.

The company intends to use the proceeds for working capital and other general corporate purposes, including expenditures for program and short-course marketing, technology and content development, in connection with new program and short-course launches and growing existing programs and short courses, as well as the strategic acquisition of, or investment in, complementary products, technologies, solutions or businesses.

2U provides cloud-based software-as-a-service solutions for nonprofit colleges and universities.

Goldman Sachs & Co. LLC and Credit Suisse Securities (USA) LLC are the joint lead book-running managers for the offering.