How to buy shares in Duolingo (DUOL)
Olá, Bonjour, Shikamoo. Duolingo Inc. is set to go public on the Nasdaq. The Pittsburgh-based company has over 500 million total users with 7 billion Duolingo exercises completed every month.
What is Duolingo?
American based Duolingo is set to IPO at an estimated US$3.4b valuation. With 500 million downloads, 40 million monthly active users and 1.8 million subscribers, Duolingo provides language education programs online. Users are able to learn 40 different languages to a fluent level on the platform. Duolingo is set to raise US$485m through the listing.
The company did US$161.7m in revenue in 2020, a 129% increase from the year prior.
How to access
During Monday’s session on 26 July, Duolingo (DUOL) will complete an Initial Public Offering (IPO). At some point during the session, $DUOL will become available to investors.
Here are a few things to keep in mind for those looking to invest.
An Initial Public Offering (IPO) brings private companies to the public market.
It gives existing, internal shareholders a chance to sell their shares to institutions and retail investors. An IPO also allows the listing company to raise money.
Typically, an investment bank underwrites the process. The bank will determine fair value for a company’s shares, buy the shares and then sell the shares to its network of funds, banks and investors through exchanges.
Buying on Stake
Investors will only be able to submit an order for $DUOL once it is live. This is often an unknown time after the market opens once the pre-listing auction is complete. While the stock page may be visible on the website and app, no orders can be placed until the stock is officially trading.