Real Estate, Share, Duolingo Inc

Real Estate, Share

Duolingo valued at US$6.5 billion as shares soar in debut

Duolingo valued at US$6.5 billion as shares soar in debut

28/7/2021 8:08:00 PM

Duolingo valued at US$6.5 billion as shares soar in debut

Language learning app Duolingo Inc 's shares rose nearly 39per cent in their U.S. market debut on Wednesday, giving it a valuation of US$6.5 ...

BusinessLanguage learning app Duolingo Inc's shares rose nearly 39per cent in their U.S. market debut on Wednesday, giving it a valuation of US$6.5 billion on a fully-diluted basis.FILE PHOTO: Smartphone with displayed Duolingo app is placed on the keyboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration

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2related media assets (image or videos) available. Click to see the gallery.29 Jul 2021 12:25AMShare this contentBookmarkREUTERS: Language learning app Duolingo Inc's shares rose nearly 39per cent in their U.S. market debut on Wednesday, giving it a valuation of US$6.5 billion on a fully-diluted basis.

The company's stock opened at US$141.4 per share, blowing past the initial public offering price of US$102 per share.Advertisement(Reporting by Niket Nishant in Bengaluru; Editing by Devika Syamnath) Read more: CNA »

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