What You Need to Know About Chewy's IPO [Forbes]
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Source: Forbes
What You Need to Know About Chewy's IPO FILE - This May 24, 2005, file photo shows a sign of a pet store chain, PetSmart, in Warwick, R.I. PetSmart’s online pet store Chewy is selling its stock in an initial public offering that may revive memories of the days when its breed of internet retailing seemed like a lost cause. The Dania Beach, Florida, company is setting out to raise $100 million, but that figure listed in documents filed Monday, April 29, 2019, is likely to change in the weeks ahead as Chewy's bankers gauge investor demand for the IPO. (AP Photo/Stew Milne, File) ASSOCIATED PRESS Chewy (CHWY), online pet supply retailer, is expected to IPO on Friday, June 14. At a price range of $19-21 per share, the company plans to sell up to $112 million, while controlling shareholder PetSmart plans to sell an additional $720 million. At the midpoint of the IPO price range, CHWY will have an expected market cap of ~$8 billion and currently earns a very unattractive rating Investors can
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