Pluralsight is an online tutoring platform, or an online digital classroom if you like, with an aim to close the global technology skills gap, while addressing the market that could be worth 24 billion dollars.
By carefully choosing class content, professional and experienced tutors and best class technology, Pluralsight is hoping to become a highly profitable online tutoring platform, however, the company already confirmed their confidence by going public in 2018 altogether joining the booming scene of tech IPOs.
Pluralsight went public back in May 2018, approved for a listing on Nasdaq under the thicker (PS), starting at an opening price of 15$ from the targeted value of 14$ per share.
Pluralsight Shares (PS): How Well is Pluralsight Doing in the Market?
Since starting at the position of 15$ and ending at 20$ on the first day of trading back on May 17th, 2018, Pluralsight shares showcased a more than solid performance over a course of 11 months with the lowest price set around 19$ back in December 2018, after which the share rebounded.
At the beginning of Q2 of 2019, Pluralsight shares are traded at 30$ per share even with slight dips in the latest closing, indicating that investors find this Utah-based e-learning hub more than interesting.
With their business model, Pluralsight indicates as shown in their presentation for investors that the company could penetrate into the market of e-learning and online tutoring worth around 24 billion in 2019, and take advantage of the expanding potential that the market has through corporate training that could bring 362 billion to the market in the period of the next several years.
The company also shared that 83% of billing comes from business customers while the platform is making profit through four different e-learning packages they are offering, with the prices ranging from 299$ to 699$ per package.
