Is Coursera Stock A Buy After Its IPO?

The pandemic has many rethinking the entire education process. 

The cost of a four-year education is astronomical, and many students spend the first decade or more of their career just paying back the loans they needed to fund their education.

After a full year of lockdown and remote schooling, we expect education to go fully digital at some point. This makes the Coursera IPO one of the most exciting of the year.

The IPO calendar is heating up as we kick-off 2021.

This week alone, we expect to see an offering from fintech payments company Affirm Holdings Inc., mobile gaming firm Playtika Holding Corp., pet retailer Petco Health, and online fashion retailer Poshmark.

Of course, that is in addition to the ongoing deluge of Special Purpose Acquisition Companies (SPACs) that are doing IPOs pretty much daily so far this year.

As long as the market stays healthy, we should continue to see a flood of IPOs coming to market. Some of the companies said to be considering an IPO soon include the leading cryptocurrency exchange, Coinbase, Instacart, and Robinhood.

But here's what sets Coursera apart.

What Is Coursera?

Coursera is an online education company founded in 2012 by Stanford University's computer science professors Andrew Ng and Daphne Koller.

The two applied their in-depth knowledge of artificial intelligence and machine learning to build an online education company that can help students learn new skills and improve their lives and careers.

They left their tenured teaching jobs at Stanford to build a new type of educational company. Ng and Koller raised $16 million in venture funding with well-known VC firms like Kleiner Perkins, Caufield, Byers, and New Enterprise Associates participating in the financing.

John Doerr of Kleiner Perkins and Scott Sandell of New Enterprise Associates both remain on the board of Coursera today, as they help guide the company toward an eventual initial public offering.

The two have helped other leading tech companies like Alphabet Inc. (NASDAQ: GOOGL), Amazon.com Inc. (NASDAQ: AMZN), and Salesforce.com Inc. (NYSE: CRM) make the journey from idea to IPO during their venture capital careers.

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