Why 2U, Inc. Stock Jumpd 11.9% in September
Shares of 2U Inc. (NASDAQ: TWOU) rose 11.9% in September, according to data from S&P Global Market Intelligence, after the online education platform specialist priced a new offering of common stock.
Of course, that might not sound encouraging considering such offerings are generally dilutive to existing shareholders -- and this one was technically no different to that end. And to be fair, shares did fall modestly on Sept. 6 after the company initially announced the deal. But 2U stock more than recouped that decline the following day, jumping more than 9% after it priced its offering of 3.65 million shares at $49.00 per share, with a 30-day option for the deal's underwriters to buy up to an additional 547,500 shares at the offering price. 2U, for its part, was poised to collect gross proceeds of $171.5 million.
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Source: Fool.com
2U Inc. Stock
Our community is currently high on 2U Inc. with 4 Buy predictions and 0 Sell predictions.
Based on the current price of 0.21 € the target price of 5 € shows a potential of 2251.83% for 2U Inc. which would more than double the current price.
