The Udemy IPO might seem like good news. After all, the company sold more than $420 million worth of its stock while going public at a price that surpassed its final private-market price. And yet.
Udemy targets valuation of $4B in major edtech IPO
Udemy’s slowing revenue growth is not bullish for edtech valuations more broadly; the company’s modest resulting revenue multiple is also somewhat beige.