Chegg Posts

Chegg Inc (CHGG) revenue increases 12% to $77 million for Q4

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Chegg Inc (NYSE:CHGG) is a textbook rental service that has hit Q4 revenue of $77 million, which is a 12% increase over the same period last year.
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Chegg Drops 23% In Initial Public Offering

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Chegg is a textbook rental website that went public today.  Chegg priced their shares at $12.50 each, but it dropped to $9.68 at the closing, according to Forbes.  This is a 22.6% decline.  Twitter, another large tech company that went public this month, saw their stock price jump 73% in their first day of trading last week.  Chegg still raised $187.5 million from the offering and has a $1.1 billion market valuation.  Chegg is trading with the symbol “CHGG” on the New York Stock Exchange (NYSE).
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Chegg Planning To Raise $172.5M In IPO

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Chegg is a startup that focuses on textbook rentals.  The company has announced today that they are planning to raise up to $172.5 million in an initial public offering (IPO).  The price of their stock is set to $9.50 to $11.50 per share.  At the mid-point, Chegg would be valued at $906.2 million.
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Chegg Files For IPO

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Chegg is a textbook rental service that has filed for a $150 million initial public offering (IPO).  Chegg also announced that a co-founder of the company will be stepping down from the board of directors.  Chegg will use part of the additional funds to repay $21 million of outstanding borrowings under the company’s revolving credit facility and to fund general corporate operations.  The additional funds will also be used to facilitate future access to the public equity markets.
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Report: Chegg Picks Banks For Their IPO


Chegg is a textbook rental company that has been growing at a rapid pace.  Chegg is working with two banks to lead the IPO, according to sources with Reuters.  Chegg is going to work with JPMorgan Chase & Co. and Bank of America.  Chegg may raise around $200 million from the IPO.
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Online Textbook Rental Company Chegg Raises $25 Million


Chegg, the large online textbook rental company, has raised $25 million in equity funding according to a form D filing with the Securities and Exchange commission from today. “The funding is led by existing investors to fuel the growth of the business,” stated a Chegg spokesperson in an interview with VentureBeat. Chegg was founded in 2005 and is now available across 7,000 different colleges nationwide.
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Textbook Service Chegg Acquires Tutor Service Student of Fortune

Online textbook rental service Chegg announced today that it has acquired Student of Fortune, a site where students tutor each other. Chegg also recently acquired Cramster, Notehall and CourseRank. With each acquisition the company becomes more than a textbook service, as their newly-revamped website now features a “homework help” section and courses section that offers schedules, reviews and grades distributions. Chegg also now offers an HTML5-based e-reader for textbooks. [Mashable]

Textbook Rentals Service CampusBookRentals.com Raises $20 Million


CampusBookRentals.com is a company that allows customers across 5,600 college campuses to rent textbooks online. CampusBookRentals.com announced a round of growth financing with total equity and credit facilities of over $20 million. CampusBookRentals.com competes directly with Chegg.com and BookRenter.com.
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