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Interesting timing. Duolingo is a bit like Zoom in the sense that they got insane growth last year due to everyone being stuck at home. That should make the fi
by lhorie 5y ago
Interesting timing. Duolingo is a bit like Zoom in the sense that they got insane growth last year due to everyone being stuck at home.
That should make the financial numbers look exceptionally good for IPO.
- dheera 5y agoBut now everyone is itching to travel and so maybe they'll continue the insane growth as people learn languages of the places they want to travel to.
- vmurthy 5y agoA few things about the timing in addition to lockdown induced growth :) 1. They raised their Series A in 2011 and raised a few rounds between 2012-2015 [0]. VCs usually have a time horizon of 5-7 years so this might be another reason. 2. Interest rates continue to be low (not that this is news) so stock markets might be more receptive. All in all , a great result if it lists at ~4 or 5 billion$ given that their latest valuation seems to be about $2.2 billion [1] [0] https://www.crunchbase.com/organization/duolingo/company_financials https://www.crunchbase.com/organization/duolingo/company_fin... [1]https://techcrunch.com/2020/11/18/language-learning-app-duolingo-confirms-it-has-raised-35m-on-a-2-4b-valuation/ https://techcrunch.com/2020/11/18/language-learning-app-duol...