Kicking off trading on the New York Stock Exchange on Wednesday, the startup is going public with an offering price that values the company at nearly $1.1 billion. November 12, 2013 5:22 PM PST (Credit: Chegg) 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. Related stories Xbox One in your living room Twitter shares zigzag in first full day of trading Pets.com gives a blast from the dot bomb past This pricing is higher than earlier expectations, which were pegging the share price between $9.50 and $11.50. This costlier share price means that 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 symbol CHGG on Wednesday, November 13.
Tuesday, November 12, 2013
Kicking off trading on the New York Stock Exchange on Wednesday, the startup is going public with an offering price that values the company at nearly $1.1 billion.
November 12, 2013 5:22 PM PST
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.
Related stories
- Xbox One in your living room
- Twitter shares zigzag in first full day of trading
- Pets.com gives a blast from the dot bomb past
This pricing is higher than earlier expectations, which were pegging the share price between $9.50 and $11.50. This costlier share price means that 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 symbol CHGG on Wednesday, November 13.
