Cooley Advises 2U on $119 Million IPO
Reston, VA – April 15, 2014 – Cooley LLP announced today that it advised 2U, Inc. on its $119.3 million initial public offering. 2U is a leading provider of cloud-based software-as-a-service solutions that enable leading nonprofit colleges and universities to deliver high quality education to qualified students, anywhere. It now trades on the NASDAQ Global Select Market under the symbol "TWOU."
Currently, eight universities offer graduate degrees on 2U's platform, including the University of Southern California, Georgetown University, the University of North Carolina at Chapel Hill and the University of California, Berkeley.
The Cooley corporate and securities team advising 2U included partners Brent Siler, Darren DeStefano and Mike Lincoln, special counsel Brian Leaf, and associates Katie Kazem and Mark Ballantyne. Critical support for the offering was provided by special counsel Greg Ferenbach and associate Paul Thompson (higher education regulatory); and partner David Walsh and associate Keith Ranta (compensation & benefits).
Year-to-date in 2014, Cooley has advised on 42 completed public offerings, including 21 completed IPOs.
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