Chegg: New Issue To Follow
This is an interesting stock that Stone Fox Capital owns via an investment in GSV Capital (GSVC) that has it as a top 5 investment. Potential investors should listen to this interview with the CEO on CNBC this morning.
Chegg has slumped some 20% from an IPO pricing above the range at $12.50. The market doesn't appear ready for the education tech sector and especially a stock losing tons of money. This company offers the future potential of being the financial and social platform for higher education students.
Disclosure: Long GSVC. Please review the disclaimer page for more details.