Chewy, PetSmart's online business, soars as much 86% after IPO pricing at $22 per share [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Chewy, PetSmart's online business, soars as much 86% after IPO pricing at $22 per share Shares of Chewy, the online pet product retailer owned by PetSmart, soared as much as 85% Friday morning after the company made its public debut. The retailer's stock opened Friday at $36, giving the company a market capitalization of $14.3 billion. By early afternoon, the share price was up 57%, trading at $34.53. On Thursday night, Chewy priced 46 million shares at $22 apiece, above the indicative range Chewy, founded in 2011 by Ryan Cohen and Michael Day, calls itself the "largest pure-play pet e-tailer in the United States." It has distinguished itself from many of its competitors with customer service that includes 24/7 access and two-day shipping of online orders. Its loyal customer base, 60% growth rate and $3.5 billion in sales, helped it to attract investors in its IPO, said Kathleen Smith, principal at Renaissance Capital, which manages IPO-focused exchange traded funds. "Today, in the U
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CMCSA
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- 4/25/24 - Beat
CMCSA
Sec Filings
- 4/26/24 - Form DEF
- 4/26/24 - Form DEFA14A
- 4/25/24 - Form 10-Q
- CMCSA's page on the SEC website