2U (NASDAQ: TWOU) is a provider of an SaaS cloud-based platform allowing non-profit colleges and universities to offer online programs.
The company initially planned to offer 9.2 million shares at a price range of $11 to $13 per share. Shares opened at $13.00 before rising to $14.34, cooling down a bit and finding some support around $14.00.
Description
2U, Inc. is a provider of cloud-based software-as-a-service (SaaS) solutions. Its solutions consist of cloud-based SaaS platform and bundled technology-enabled services. The Company’s solutions enable nonprofit colleges and universities to deliver their education to students anywhere. Its online learning platform and bundled technology-enabled services provide the operating infrastructure colleges and universities need to attract, enroll, educate, support and graduate their students. The Company’s clients use its platform to offer full graduate degree programs online. As of March 17, 2014, eight nonprofit colleges and universities offered graduate degrees through its platform, including the University of Southern California, Georgetown University, the University of North Carolina at Chapel Hill and the University of California, Berkeley. As of December 31, 2013, a total of 8,540 individuals had enrolled as students in its clients' programs.
No comments:
Post a Comment