initial public offerings (IPOs) trading on American exchanges

Wednesday, November 13, 2013

Chegg (CHGG) began trading on the NYSE on 13 November 2013

Chegg (CHGG) slumped on its debut on the New York Stock Exchange Wednesday, dropping below its initial public offering price of $12.50. The online textbook vendor offered 15 million shares in its IPO.

Chegg, an online hub offering students a range of tools and resources to succeed in college, visited NYSE to celebrate the company’s completion of its IPO and first day of trading under the ticker symbol “CHGG.” To highlight this important company milestone, President and CEO Dan Rosensweig, joined by members of Chegg’s leadership team, rang the NYSE Opening Bell.

President and CEO Dan Rosensweig of Chegg ring the opening bell to celebrate their IPO at the New York Stock Exchange on November 13, 2013 in New York City.


Chegg, Inc. (Chegg) is the student-first connected learning platform, empowering students to take control of their education to save time, save money and get smarter. The Company has approximately 180,000 titles in its print textbook library available for rent. The Company also offers more than 100,000 eTextbook titles. The Company also offers free services to students, such as helping high school students find colleges and scholarship opportunities and helping college students decide which courses to take and find supplemental materials. These and other free services it offers are designed to round out the Student Hub as a one-stop destination for critical student needs. The Company’s solutions include The Student Hub and The Student Graph.


3990 Freedom Circle
United States

Key stats and ratios

Q3 (Sep '13)2012
Net profit margin-47.50%-22.99%
Operating margin-40.44%-21.21%
EBITD margin-7.56%
Return on average assets-56.23%-24.98%
Return on average equity--

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