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WORLD NEWS

Duolingo Valued at $6.5 Billion as Shares Soar in Debut | Technology News

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(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.

Copyright 2021 Thomson Reuters.

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