Fast-Growing 2U Files For $100M IPO, But Is It Poised To Be The Next Big Education Company?

TechCrunch

When 2U emerged in 2008, online education was still struggling to be taken seriously. Despite steadily increasing online enrollment, many remained skeptical. Both fairly and unfairly, online education was seen as a world of simple micro-correspondence courses, limited in quality, incapable of producing outcomes truly commensurate with on-campus education and therefore merely a supplement, not a replacement, to traditional learning.

First as 2Tor, now as 2U, the company has been on a mission to lift online education up by the bootstraps and give universities the tools and resources they need to build out online extensions of their on-campus courses and programs. Six-years later, the work appears to be paying off for the young education technology company, as it filed paperwork with the SEC this weekend, officially declaring its intention to go public.

The company has yet to determine how many shares will be offered nor the price rangeā€¦

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