Chewy shares surge 63% in debut as investors bank on booming pet market [Reuters (UK)]
Chewy, Inc. Class A (CHWY)
Last chewy, inc. class a earnings: 12/9 04:15 pm
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Source: Reuters
Chewy shares surge 63% in debut as investors bank on booming pet market - Reuters 1 Min Read (Reuters) - Shares of Chewy Inc rose 63% in their debut, giving the online pet products retailer a market value of $14.35 billion, more than four times the price PetSmart paid for the company in 2017. The shares opened at $36, above their initial public offering price of $22. Indicating solid investor appetite for a piece of the $70 billion U.S. pet industry market, the offering was priced higher than the expected range and the company sold more shares than originally planned. Chewy raised $123.2 million from the offering and parent PetSmart will receive nearly $900 million. The online retailer of puppy shampoo and cat treats plans to use the funds to grow its pharmacy business and build its private brands. Reporting by Manas Mishra and Tamara Mathias in Bengaluru; Editing by Sriraj Kalluvila All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
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News
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- HALO COLLAR NAMED TO FAST COMPANY'S ANNUAL LIST OF THE WORLD'S MOST INNOVATIVE COMPANIES OF 2024 AND INC MAGAZINE'S LIST OF THE NORTHEAST REGION'S FASTEST-GROWING PRIVATE COMPANIES [Yahoo! Finance]Yahoo! Finance
- Technology Gets The Headlines, But Relationships Remain The Foundation [Forbes]Forbes
- The Unexpected Benefits of Expensive Pet Food [Yahoo! Finance]Yahoo! Finance
- Down But Not Out - Why Chewy Could Be Dirt Cheap [Seeking Alpha]Seeking Alpha
CHWY
Earnings
- 3/20/24 - Beat
CHWY
Sec Filings
- 4/8/24 - Form 4
- 4/8/24 - Form 4
- 4/8/24 - Form 4
- CHWY's page on the SEC website