Fenwick Represents Chegg in $155.3 Million Follow-On Offering

August 08, 2017

Fenwick & West represented Chegg, Inc. (NYSE: CHGG), the leading student-first connected learning platform, in its public offering of 11,500,000 shares of it​s common stock at a public offering price of $13.50 per share, including the underwriter’s option to purchase 1,500,000 additional shares of common stock. The offering was made pursuant to an effective shelf registration statement previously filed with the SEC.

Morgan Stanley, BofA Merrill Lynch and Allen & Company LLC acted as joint book-running managers for the offering. Barrington Research and Northland Capital Markets acted as co-managers.

The Fenwick transaction team included corporate attorneys David Bell, Niki Fang, Katherine Duncan, Jennifer Hitchcock, Jesse King and Amanda Baratz; and tax attorney Will Skinner.