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Chegg, Inc. engages in the operations of learning platform for students. It intends to empower students to take control of their education and help the students study, college admissions exams, accomplish their goals, get grades, and test scores. Read More The firm offers required and non-required scholastic materials including textbooks in any format; access to online homework help and textbook solutions; course organization and scheduling; college and university matching tools; and scholarship connections. Its services include Chegg study, writing, tutors, and math solver. The company was founded by Osman Rashid and Aayush Phumbhra on July 29, 2005 and is headquartered in Santa Clara, CA.
Santa Clara, California
52 Week High
52 Week Low
BUZZ-Chegg falls after Citron criticizes business model
** Chegg down as much as 4 pct at $38.06 after short-seller Citron slams online textbook rental and tutorial co’s business model ** Sets $25 PT, says co has made business off selling answers to homework and selling a service that allows students to submit plagiarized work ** "What we learned the past two weeks is that academic cheating is not only immoral but it's also illegal," Citron said in a report bit.ly/2FlqLtt ** "If Chegg turns over the customer list, the stock could be a 0," Citron said in a twe...
Seeking AlphaMar 22
Chegg prices upsized offering of $700M of 0.125% convertible senior notes due 2025
Chegg (NYSE:CHGG) has priced $700M of 0.125% convertible senior notes due March 15, 2025. Initial purchasers have an option to purchase up to an additional $100M of notes. The sale is expected to close on March 26. The notes will be senior, unsecured obligations of Chegg, and interest of 0.125% per year will be payable semi-annually in arrears on March 15 and September 15 of each year, beginning on September 15, 2019. Chegg expects to use ~$85.1M of the net proceeds of ~$682.7M to pay the cost of the ca...
Seeking AlphaMar 21
Chegg offers $500M convertible senior notes
Chegg proposes to offer $500M principal amount of convertible senior notes due 2025 Initial purchasers have an option to purchase up to an additional $75M of notes. The notes will be general unsecured, senior obligations, and interest will be payable semi-annually...
Expected Apr 29, After Hours