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September 21, 2023

When accounting goes unaccounted for

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Chegg

Technology

Chegg’s Market Debut Is Not Nearly As Well-Received As Chegg’s Actual Business

by Adrienne Gonzalez

So textbook rental company Chegg went public today. And here's sort of what happened… Chegg priced their IPO at $12.50 a share, which exceeded expectations. Here's what you really need to know though: Chegg said it earned $22.7 million in adjusted earnings before interest, taxes, depreciation and amortization, or Ebitda, for the nine months that […]