Online education firm Coursera is planning to file paperwork on Friday for its initial public offering according to reports. The learning platform had been in the process to IPO since last year but will likely be taking its first official step tomorrow, a Techcrunch report said.
The news comes months after Bloomberg reported on a likely IPO offering. The IPO could give Coursera a valuation of around $5 billion.
The Mountain View-based business, founded in 2012 by Daphne Koller and Andrew Ng, had raised $130 million in a fundraising event in July and was last valued at $2.6 billion.
According to Coursera official website, more than 200 leading universities and companies partner with the company to bring flexible, affordable, job-relevant online learning to individuals and organizations worldwide.
Online learning platforms are seeing a surge amid the coronavirus pandemic. Edtech startup company Udemy that had raised at a $3 billion valuation last year had also told investors it could pursue an IPO.