A Promising Public Offering: DUOL

Duolingo, a provider of language learning software, is set to go public on the NASDAQ tomorrow…And its underlying consumer data points in a bullish direction.

Duolingo’s offers a unique, mobile-focused and gamified approach to teaching foreign languages which attracted a flock of new users during the lockdowns last year

Consumer Mentions of using Duolingo (“practicing on”, “my streak”, etc.) remain +40% higher vs. 2019, suggesting retention of new users who started using the app in 2020.

Duolingo is already a global phenomenon, with ~40 million monthly active users. Furthermore, the company was the top-grossing education app in 2020 Apple’s App Store and Google’s Play Store.

Yesterday, the company raised it’s IPO price range to $95-$100 (from $85-$95). -- We’re expecting to see big things from this cutting-edge educational company going forward.