We advised the joint book-running managers on the SEC-registered equity offering

Davis Polk advised the joint book-running managers in connection with a $1.15 billion SEC-registered offering of 11,274,600 shares of common stock of Chegg, Inc., which includes the full exercise of the underwriters’ option to purchase additional securities, and includes 300,000 shares sold by the selling stockholder. Chegg’s common stock is traded on the New York Stock Exchange under the symbol “CHGG.”

Based in Santa Clara, California, Chegg supports students on their journey from high school to college and into their careers with tools designed to help them learn their course materials, succeed in their classes, save money on required materials and learn the most in-demand skills.

The Davis Polk corporate team included partner Emily Roberts and associate Kimberly Wang. Partner Po Sit and associate Tomislava Dragicevic provided tax advice. Partner Pritesh P. Shah and associate Jay Frankel provided intellectual property advice. Members of the Davis Polk team are based in the Northern California and New York offices.

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