Keep this result and its source evidence in your account.
Illustrative paper value. Historical investment minimums and your eligibility are not verified. Excludes fund fees, carried interest, taxes and distributions; no sale is assumed.
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BEHIND THE NUMBERS
What this scenario means for an investor.
This scenario applies the stated share prices and conversion assumptions to your chosen amount. The result is a hypothetical value, not a completed transaction.
Your amount vs. the investment minimum
Your amount sets the size of the illustration. It does not establish the minimum required to join that funding round.
Access depends on the offering
Investor eligibility and allocations depend on the offering’s terms. A recorded funding price does not mean everyone could invest at that price.
Direct shares and fund units differ
A direct share and a unit in a fund or investment vehicle can have different rights and costs. This scenario does not establish a specific investment route.
A price is not a cash exit
Lockups, transfer restrictions and available buyers can affect a holder’s ability to sell. The displayed value does not assume a sale.
See the data, sources & calculation
Preferred converts one-to-one into common. Use the financial-note prices rounded to cents. Secondary common-share tender prices and warrants are excluded. Fractional share equivalents only; no sale, fees, taxes, dividends or CAGR.
Published price precision is retained in calculations. A filing snapshot is not necessarily the investment date. These selected companies and stages do not represent typical private-market results; investments can lose their entire value.
Detailed share worksheet & downloadable receiptOptional controls for a closer look at the same evidence.
FILING-BASED IPO CASE STUDY
Follow the share, not the headline.
Translate a preferred-share issuance price into an approximate IPO offer-price mark. The filing supplies the prices; the conversion assumption stays visible.
BEHIND THE NUMBERS
What this scenario means for an investor.
This scenario applies the stated share prices and conversion assumptions to your chosen amount. The result is a hypothetical value, not a completed transaction.
Your amount vs. the investment minimum
Your amount sets the size of the illustration. It does not establish the minimum required to join that funding round.
Access depends on the offering
Investor eligibility and allocations depend on the offering’s terms. A recorded funding price does not mean everyone could invest at that price.
Direct shares and fund units differ
A direct share and a unit in a fund or investment vehicle can have different rights and costs. This scenario does not establish a specific investment route.
A price is not a cash exit
Lockups, transfer restrictions and available buyers can affect a holder’s ability to sell. The displayed value does not assume a sale.
Approximate model using published filing prices and the reviewed conversion factor. Not realized proceeds, a current value or proof that you could invest at these terms. Fees, taxes, preferences and individual selling restrictions are not modeled.
2 reviewed private share series linked to a historical IPO offer price.
02
The endpoint matters
$29.00 per share at the historical IPO offering. An offer-price mark is not an executed sale. You can also enter a public price within the reviewed date window. Historical UDMY prices only. The May 11, 2026 merger converted Udemy shares into Coursera shares; the successor path is not modeled.
03
Read it realistically
Your amount is hypothetical. The evidence does not establish your investment minimum, eligibility or ability to sell.
Compare the supported funding stagesA fixed $10,000 illustration makes the entry points easier to compare.
Selected reviewed stages, not a complete fundraising history. The same hypothetical amount is used in every row. Private investments can lose all their value.
Each row applies that series’ reviewed split and conversion treatment. No sale, fees or taxes are assumed.
What investors faced & what remains unknownAccess, share terms, risks and the limits of this research.
What the evidence supports
Preferred converts one-to-one into common. Use the financial-note prices rounded to cents. Secondary common-share tender prices and warrants are excluded.
Investment minimum
Not verified for these historical entries
Actual access and allocation
Not established
Realized sale proceeds
Not calculated
Full funding history
Not yet compiled; this is selected coverage
What additional research would unlock
Additional rounds need their own issuance evidence, share-basis review and conversion terms before they can become calculator choices.
Financial observations & original sources3 sourced observations · expand to inspect each record
Milestones & evidence
3 sourced observations
Historical table snapshot
Series E preferred issuance
A · Documented transaction
$15.57 USD
Historical preferred issuance price
Preferred converts one-to-one into common. Use the financial-note prices rounded to cents. Secondary common-share tender prices and warrants are excluded. The displayed date is the financial reporting snapshot; it is not an investment date.
✓ Primary source checked
Evidence details
Publisher
SEC · Udemy filing
Source location
Preferred-stock table: Issuance Price Per Share; Conversion
Preferred converts one-to-one into common. Use the financial-note prices rounded to cents. Secondary common-share tender prices and warrants are excluded. The displayed date is the financial reporting snapshot; it is not an investment date.
✓ Primary source checked
Evidence details
Publisher
SEC · Udemy filing
Source location
Preferred-stock table: Issuance Price Per Share; Conversion
There are no daily private-market prices between these observations. We do not fill the gaps with an invented curve. Investment returns require the specific security, entry terms, dilution and an actual exit or appropriate mark.