Move over, Twitter -- there's another Web startup looking to raise some serious cash in an initial public offering.
Chegg, the online startup that provides both study guides and a service to rent textbooks, has revised a prospectus, indicating that it plans to price its shares between $9.50 and $11.50 when it goes public. If Chegg can go off at the top of that range, it'll raise $172.5 million in its IPO. Chegg also has reserved the right to sell an additional $26 million in shares if shares are oversubscribed.
Chegg is decidedly in the … Read more