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Edtech platform Pluralsight is head of the class on its first day of trading

Shares of the education company opened 33% higher than its initial set share price
Online education
The company offers classes on topics like HTML and Javascript

Online education company Pluralsight Inc (NASDAQ:PS) began its first day of trading on the Nasdaq Thursday morning.

The edtech company’s shares opened at US$20, a 33% jump from the US$15 share price set in its initial public offering.

READ: Edtech company Boxlight makes strategic acquisition of Cohuborate to crack open the UK market

The company’s initial price range was between US$10 and US$12. It was increased to US$12 to US$14 range and then the final price was even higher than that at US$15.

The Utah-based company raised US$310.5mln in its IPO and is now valued at around US$1.97bn.

In a founder’s letter, CEO Aaron Skonnard reminisced about the start of the instructor-led training company.

“We were developers who were passionate about helping other developers. And after several years, we realized old-fashioned classroom training wasn’t cutting it. It didn’t allow us to move fast enough or reach developers at scale. We knew that as the pace of technology accelerated, the only way to keep up was with technology,” wrote Skonnard.

The tech company offers video training courses on tech topics like HTML and JavaScript.

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Pluralsight Inc Timeline

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