Language-learning app Duolingo eyes over $3 billion valuation in US IPO

Language-learning app Duolingo Inc said on Monday it was aiming to be valued at up to $3.4 billion in its initial public offering in the United States.

About 5.1 million shares will be offered in IPO, priced between $85 and $95 each, which would rake in more than $485 million at the top end of that range.

Nearly 1.4 million shares will be offered by the selling stockholders, proceeds from which will not go to the company.