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Latham & Watkins Advises 2U in its Public Offering of Common Stock
August 6, 2020
A Washington, D.C.-based team advised the education technology company.
2U, Inc., a global leader in education technology, has announced the pricing of an underwritten public offering of 6,800,000 shares of its common stock at a price to the public of US$45.50 per share, or US$309.4 million in the aggregate. In addition, 2U has granted the underwriters a 30-day option to purchase up to an additional 1,020,000 shares of common stock from 2U at the public offering price, less the underwriting discount. The offering is expected to close on or about August 10, 2020, subject to customary closing conditions.
Latham & Watkins LLP advises 2U, Inc. in the offering with a corporate deal team led by Washington, D.C. partner Brandon Bortner, with Washington, D.C. associates Christopher Clark and Joe Altieri.