T-To The Moon - Tiger Brokers Online Investing Community

1
Comment
Favorite

Liol
2021-06-29

Language-learning app Duolingo files for U.S. IPO, reveals revenue surge

(Reuters) -Language-learning app Duolingo Inc on Monday filed for a U.S. initial public offering and

Language-learning app Duolingo files for U.S. IPO, reveals revenue surge

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Top
Latest

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":150412072,"tweetId":"150412072","gmtCreate":1624924432396,"gmtModify":1703847904255,"author":{"id":4087220384365920,"idStr":"4087220384365920","authorId":4087220384365920,"authorIdStr":"4087220384365920","name":"Liol","avatar":"https://static.tigerbbs.com/88c351765dd8f19d5891cef83e0af018","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":1,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>T</p></body></html>","htmlText":"<html><head></head><body><p>T</p></body></html>","text":"T","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/150412072","repostId":2147837201,"repostType":4,"repost":{"id":"2147837201","kind":"news","pubTimestamp":1624922100,"share":"https://www.laohu8.com/m/news/2147837201?lang=&edition=full","pubTime":"2021-06-29 07:15","market":"us","language":"en","title":"Language-learning app Duolingo files for U.S. IPO, reveals revenue surge","url":"https://stock-news.laohu8.com/highlight/detail?id=2147837201","media":"StreetInsider","summary":"(Reuters) -Language-learning app Duolingo Inc on Monday filed for a U.S. initial public offering and","content":"<p>(Reuters) -Language-learning app Duolingo Inc on Monday filed for a U.S. initial public offering and revealed that its revenue more than doubled in the first quarter this year.</p>\n<p>The company was last valued at $2.4 billion after a $35 million funding from Durable Capital Partners and General Atlantic in November.</p>\n<p>Duolingo recorded revenue of $55.4 million for the three months ended March 31. Net losses in the same period widened to $13.5 million from $2.2 million a year ago.</p>\n<p>The Pittsburgh-headquartered company, which expects to be listed on the Nasdaq, was founded in 2011 by two engineers, Luis von Ahn and Severin Hacker. The co-founders met at Carnegie Mellon University, where Luis was a professor in the computer science department and Severin was his Ph.D. student.</p>\n<p>Duolingo's flagship app has more than 500 million downloads and is the top-grossing app in the education category on both Google Play and the Apple App Store, the company said in its prospectus.</p>\n<p>The company offers courses in 40 languages to about 40 million monthly active users. There are more people learning certain languages, such as Irish and Hawaiian, on the company's platform than there are native speakers of those languages worldwide, it said in the filing.</p>\n<p>Goldman Sachs &amp; Co as well as Allen &amp; Company are the lead underwriters for the IPO. The company plans to start trading under the symbol \"DUOL\".</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Language-learning app Duolingo files for U.S. IPO, reveals revenue surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLanguage-learning app Duolingo files for U.S. IPO, reveals revenue surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 07:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18615473><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -Language-learning app Duolingo Inc on Monday filed for a U.S. initial public offering and revealed that its revenue more than doubled in the first quarter this year.\nThe company was last ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18615473\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18615473","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2147837201","content_text":"(Reuters) -Language-learning app Duolingo Inc on Monday filed for a U.S. initial public offering and revealed that its revenue more than doubled in the first quarter this year.\nThe company was last valued at $2.4 billion after a $35 million funding from Durable Capital Partners and General Atlantic in November.\nDuolingo recorded revenue of $55.4 million for the three months ended March 31. Net losses in the same period widened to $13.5 million from $2.2 million a year ago.\nThe Pittsburgh-headquartered company, which expects to be listed on the Nasdaq, was founded in 2011 by two engineers, Luis von Ahn and Severin Hacker. The co-founders met at Carnegie Mellon University, where Luis was a professor in the computer science department and Severin was his Ph.D. student.\nDuolingo's flagship app has more than 500 million downloads and is the top-grossing app in the education category on both Google Play and the Apple App Store, the company said in its prospectus.\nThe company offers courses in 40 languages to about 40 million monthly active users. There are more people learning certain languages, such as Irish and Hawaiian, on the company's platform than there are native speakers of those languages worldwide, it said in the filing.\nGoldman Sachs & Co as well as Allen & Company are the lead underwriters for the IPO. The company plans to start trading under the symbol \"DUOL\".","news_type":1},"isVote":1,"tweetType":1,"viewCount":247,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}