Coursera Inc.’s stock bolted out of the gate Wednesday on its first day of trading with shares of the online-education company rallying as much as 25%.
Coursera offers a variety of free and paid online classes, as well as certificate programs and enterprise-oriented skills courses for employees. The company also works with universities on degree programs, through which the schools admit and teach online courses while leveraging Coursera’s platform and technology.
Coursera sees numerous growth avenues ahead. The company is looking to grow the number of businesses using its enterprise offering while also expanding to serve more employees who work for current enterprise customers. Coursera also points to “a substantial opportunity to increase the number of bachelor’s and master’s programs in new and existing academic disciplines within our current network of university partners,” according to the company’s prospectus.