It appears to be IPO season. Chegg, the online startup that provides both study guides and a service to rent textbooks, announced Tuesday that it priced its initial public offering at $12.50 a share.
This pricing is higher than earlier expectations, which were pegging the share price between $9.50 and $11.50. The price means the company will have raised $187.5 million with its 15 million shares of common stock. This IPO will value the company at just about $1.1 billion.
Chegg is expected to begin trading on the New York Stock Exchange under the ticker … Read more