Chewy (NYSE: CHWY) Bites Strong in IPO

The U.S. IPO market has been firing on all cylinders.

Online pet-product retailer Chewy will be the latest company to hit the public markets on Friday. The Dania Beach, Florida-based company priced its initial public offering on Thursday at $22 per share, above its targeted range. The company sold 46.5 million shares, bringing the size of its IPO raise to $1.02 billion.

The IPO valued Chewy at about $8.8 billion, based on shares outstanding as documented in Securities and Exchange Commission filings. The company will trade on the New York Stock Exchange under the ticker symbol “CHWY” starting Friday morning.

Read the full article at Yahoo Finance.

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