Davis Polk advised J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint book-running managers in connection with the $187.5 million initial public offering of 15,000,000 shares of common stock of Chegg, Inc. Of the shares in the offering, 14,400,000 shares were offered by Chegg and 600,000 shares were offered by a selling stockholder. Chegg’s common stock is traded on the New York Stock Exchange under the symbol “CHGG.”

Based in Santa Clara, California, Chegg connects students to the people and tools needed to succeed in college through homework help, course selection, eTextbook and textbook options as well as school and scholarship connections.

The Davis Polk corporate team included partner Martin A. Wellington  and associates Peter M. Lamb and Danielle Moore Burton. Partner Rachel D. Kleinberg and associate Catherine Paskoff Chang provided tax advice. Associates Bruce Rose-Innes and Nicholas D. DiChiara provided intellectual property advice. Counsel Marcie A. Goldstein provided FINRA advice. Kimberly Kakade and Katie Young were the legal assistants on the transaction. All members of the Davis Polk team are based in the Menlo Park and New York offices.



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