Davis Polk advised the joint book-running managers in connection with a $155 million SEC-registered offering of 11,500,000 shares of common stock of Chegg, Inc., which includes the full exercise of the underwriters’ option to purchase additional securities. Chegg’s common stock is traded on the New York Stock Exchange under the symbol “CHGG.”

Based in Santa Clara, California, Chegg’s student platform offers products and services that help students transition from high school to college to career. Chegg strives to improve the overall return on investment in education by helping students learn more in less time and at a lower cost.

The Davis Polk corporate team included partner Sarah K. Solum and associates Angela J. Koo and Tiffany Ho. Partner Rachel D. Kleinberg and associate Catherine L. Chu provided tax advice. Counsel Michelle Ontiveros Gross and associate Jason J. Bang provided intellectual property and technology advice. Counsel Sarah E. Kim and associate Zixuan (Jennifer) Wang provided 1940 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices.

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