2U, Inc. announced today the pricing of its previously announced public offering of 3,650,000 shares of its common stock at a price to the public of $49.00 per share. A total of 3,500,000 shares are being offered by the Company and 150,000 shares are being offered by the selling stockholders named in the prospectus supplement (the "Selling Stockholders"). The offering is expected to close on or about September 11, 2017, subject to customary closing conditions. In addition, the Company has granted the underwriters a 30-day option to purchase up to 547,500 additional shares of common stock from the Company at the public offering price.

The Company expects to receive gross proceeds of approximately $171,500,000. The proceeds of the offering will be used by the Company for general corporate purposes, including expenditures for program and short course marketing, technology, and content development, in connection with new program and short course launches and growing existing programs and short courses. The Company will not receive any proceeds from shares of common stock to be sold by the Selling Stockholders.

Goldman Sachs & Co. LLC and Credit Suisse Securities (USA) LLC are acting as joint book-running managers for the proposed offering. Needham & Company, LLC, Oppenheimer & Co. Inc., Robert W. Baird & Co. Incorporated, Compass Point Research & Trading, LLC, First Analysis Securities Corporation and KeyBanc Capital Markets Inc. are acting as co-managers.

About 2U, Inc. (NASDAQ: TWOU)

2U partners with great colleges and universities to build what we believe is the world's best digital education. Our platform provides a comprehensive fusion of technology, services and data architecture to transform high-quality and rigorous campus-based universities into the best digital versions of themselves. 2U's No Back Row® approach allows qualified students and working professionals around the world to experience a first-rate university education and successful outcomes.