February 22, 2021

Chegg Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriters’ Option to Purchase Additional Shares

SANTA CLARA, Calif.–(BUSINESS WIRE)–Chegg, Inc. (NYSE: CHGG), a Smarter Way to Student®, today announced the closing of its public offering of 11,274,600 shares of its common stock at a public offering price of $102.00 per share, which includes the exercise in full of the underwriters’ option to purchase an additional 1,470,600 shares of its common stock. Chegg sold 10,974,600 shares of its common stock in the offering and Dan Rosensweig, our President, Chief Executive Officer and Co-Chairper


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