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.