Textbook Rental Platform Chegg Readies for IPO

CHEGGIN' IT OUT: Reuters reports that Chegg has picked JP Morgan and Bank of American to help it prepare for an IPO, which would make it the first for an education company in quite some time. Since its launch in 2007, the Santa Clara, CA-based company that made its name in the textbook rental marketplace has raised over $200 million from the likes of Kleiner Perkins. The company recently partnered with Coursera to distribute digital content for online courses.

STAY UP TO DATE ON EDTECH.News, research, and opportunities - sent weekly.