Chegg prices IPO at $12.50, above the range

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Chegg, a leading online textbook rental and educational resource platform company, raised $188 million by offering 15 million shares at $12.50, above the $9.50 to $11.50 range. At its offer price, the company will command a fully diluted market of $1.1 billion and an enterprise value of $977 million. Chegg will list on the NYSE under the symbol CHGG. J.P. Morgan and BofA Merrill Lynch acted as lead managers on the deal.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

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