Duolingo offers a mobile and web-based app focused on the learning of 40 different languages. These include Spanish, French, Hindi, Arabic, and Chinese. The company was established in 2012. Headquartered in Pittsburgh, Pennsylvania, Duolingo offers its services worldwide.
The company launched its IPO on 28 July 2021 and released 3.7 million shares at $102 apiece. This offering raised an estimate of $521m and gives the company an approximate market valuation of $6.5bn. Duolingo intends to use the IPO gains to improve its flagship app. The company trades on the NASDAQ using the DUOL ticker.
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