VC-backed Chegg seeks to raise up to $172.5 mln for IPO – New York Times

According to the New York Times, Chegg is seeking to raise up to $172.5 million in its IPO. The paper further reports that the company has priced its stock at $9.50 to $11.50 a share, with JPMorgan Chase and Bank of America Merrill Lynch serving as lead underwriters. Chegg, which rents textbooks to students, is backed by Kleiner Perkins Caufield & Byers, Insight Venture Partners and Pinnacle Ventures.