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November 13, 2013 09:37 pm GMT
It's been a long-time in coming, but eight-year-old education company, Chegg, debuted this morning on the New York Stock Exchange under the ticker symbol "CHGG." In the days prior, Chegg priced its initial public offering at $12.50/share, outpacing its expected range of $9.50 to $11.50, raising $187.5 million in total at a valuation of close to $1.1 billion. Chegg is the first company to arrive on the public markets after Twitter's noisy debut last week, in which the veteran microblogging service priced at $26/share and raised $1.8 billion at a lofty valuation of up to $18 billion. Twitter quickly saw the price of its stock vault to around $41/share, where it's remained since. 
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/h4fXuAKU494/
In $187.5M IPO, Chegg Debuts On NYSE In Twitter's Shadow, As Shares Slump 15 Percent
It's been a long-time in coming, but eight-year-old education company, Chegg, debuted this morning on the New York Stock Exchange under the ticker symbol "CHGG." In the days prior, Chegg priced its initial public offering at $12.50/share, outpacing its expected range of $9.50 to $11.50, raising $187.5 million in total at a valuation of close to $1.1 billion. Chegg is the first company to arrive on the public markets after Twitter's noisy debut last week, in which the veteran microblogging service priced at $26/share and raised $1.8 billion at a lofty valuation of up to $18 billion. Twitter quickly saw the price of its stock vault to around $41/share, where it's remained since. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/h4fXuAKU494/
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