Credit: Shutterstock photo2U, a cloud-based SaaS company that enables universities to deliver education content online, filed on Friday with the SEC to raise up to $100 million in an initial public offering. The Landover, MD-based company, which was founded in 2008 and booked $83 million in sales for the fiscal year ended December 31, 2013, plans to list on the NASDAQ under the symbol TWOU. 2U initially filed confidentially on December 11, 2013. Goldman Sachs and Credit Suisse are the joint bookrunners on the deal. No pricing terms were disclosed.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
