Fast-growing education company 2U will debut on the public markets, Venture Beat reports.
According to a news release, the company plans to list its common stock on the NASDAQ Global Market under the ticker symbol “TWOU.” 2U is hoping to raise up to $100 million through its initial public offering.
2U partners with top universities and colleges to craft online degree programs. 2U doesn’t touch the actual content or grant the degrees, but it offers tools for universities to develop the curriculum. The company has stayed under the radar, but recently hit the headlines for helping UC Berkeley build a virtual classroom for its new online data science program.
For its university partners, 2U is responsible for vetting the first round of applicants, designing and conveying interactive content, and providing the learning management system (LMS). 2U is works with universities to help market their new online degree programs.