|By PR Newswire||
|February 21, 2014 05:21 PM EST||
LANDOVER, Md., Feb. 21, 2014 /PRNewswire/ -- 2U, Inc. announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of shares of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. A portion of the shares will be issued and sold by 2U, and another portion is expected to be sold by certain stockholders of the company. 2U plans to list its common stock on the NASDAQ Global Market under the ticker symbol "TWOU."
Goldman, Sachs & Co. and Credit Suisse Securities (USA), LLC are acting as joint book-running managers for the proposed offering. Needham & Company, LLC, Oppenheimer & Co. Inc., and Pacific Crest Securities LLC are acting as co-managers.
The offering will be made only by means of a prospectus. A copy of the preliminary prospectus, when available, may be obtained by mail from the offices of Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing [email protected], or from the Credit Suisse Prospectus Department, One Madison Avenue, New York, NY 10010, telephone: 1-800-221-1037 or by emailing [email protected].
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy these securities be accepted prior to the time the registration statement becomes effective.
This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About 2U, Inc.
Founded in 2008 by a team of education and technology veterans, 2U enables leading colleges and universities to deliver their high quality education to qualified students anywhere. Our cloud-based software-as-a-service platform provides schools with the comprehensive operating infrastructure they need to attract, enroll, educate, support, and graduate their students. Our mission is to enable the education our clients provide to reach its highest potential so students can reach theirs.
Chance Patterson 202-262-5213
SOURCE 2U, Inc.