2U Prices Stock To Raise $104M
Landover, MD-based 2U priced its stock at $13 a share, aiming to raise more than $100 million when the company goes public on the NASDAQ Global Market on March 28 with the ticker symbol "TWOU."
Although the initial public offering involves 9.175 million shares, some 8 million of those are offered by the company. The remaining 1.175M share are offered for sale by early shareholders.
Editor's note: We originally said that the company aimed to raise $120M. That was incorrect as 2U offered only 8 million shares.