Duolingo Valued at $6.5 Billion as Shares Soar in Debut | Technology News
(Reuters) – Language learning app Duolingo Inc’s shares rose nearly 39% in their U.S. market debut on Wednesday, giving it a valuation of $6.5 billion on a fully-diluted basis.
The company’s stock opened at $141.4 per share, blowing past the initial public offering price of $102 per share.
(Reporting by Niket Nishant in Bengaluru; Editing by Devika Syamnath)
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