Chegg (CHGG) stock was down 18% in afternoon trading in the stock market Wednesday, after the online textbook rental company priced its IPO above its expected range. The stock, traded on the New York Stock Exchange, had been down as much as 22% after pricing at $12.50, above its estimated pricing range of $9.50 to $11.50. The company sold 15 million shares late Tuesday, raising $187.5 million in its IPO. Chegg provides students with an alternative
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Chegg IPO Is No Twitter, Down In Stock Market Debut