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August 14, 2013 11:06 pm GMT
Online textbook rental companyCheggtodayfiled for a $150 million initial public offering. Its proposed ticker symbol is CHGG.The company had revenue of $149 million in 2010, $172 million in 2011 and $213 million in 2012. In the first half of 2013, Chegg had revenue of $117 million. That compares favorably to its first half 2012 revenue of $92 million. So, Chegg is growing its topline at a material, if modest pace. If we take its first-half 2013 revenue, double it, and contrast that to its full-year 2012 revenue, Chegg will have grown its net revenue by just under 10 percent.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/XiBvVn77lA4/
Online Textbook Rental Firm Chegg Files For $150 Million IPO
Online textbook rental companyCheggtodayfiled for a $150 million initial public offering. Its proposed ticker symbol is CHGG.The company had revenue of $149 million in 2010, $172 million in 2011 and $213 million in 2012. In the first half of 2013, Chegg had revenue of $117 million. That compares favorably to its first half 2012 revenue of $92 million. So, Chegg is growing its topline at a material, if modest pace. If we take its first-half 2013 revenue, double it, and contrast that to its full-year 2012 revenue, Chegg will have grown its net revenue by just under 10 percent.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/XiBvVn77lA4/
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