Chegg Lands $187,500,000 New Financing Round

  • Feed Type
  • Date
    11/13/2013
  • Company Name
    Chegg
  • Mailing Address
    4655 Old Ironsides Road Santa Clara, CA 95054
  • Company Description
    Chegg (NYSE: CHGG), whose name is a combination of chicken and egg, was conceived out of the founders’ frustration with the used book-buying policies at their university bookstore – which would pay students a fraction of the cover price and then resell used textbooks at a large markup.
  • Website
    http://www.chegg.com
  • Transaction Type
    IPO
  • Transaction Amount
    $187,500,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes are on file with company statements at the SEC.
  • M&A Terms