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PetSmart subsidiary Chewy sets IPO share price higher than expected

bizjournals Thursday, 13 June 2019 ()
Chewy Inc., the online pet product retailer owned by Phoenix-based PetSmart Inc., has set the price of its initial public offering at $22 per share, the company announced Thursday. Many market watchers have been fervently waiting for the listing, which was first thought to be between $17 and $19 per share, but was raised to the $19-$21 range and now has topped that mark. Chewy is expected to start trading on Friday morning on the New York Stock Exchange under the ticker “CHWY." The offering is…
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News video: Chewy & NYSE Let The Dogs Out

Chewy & NYSE Let The Dogs Out 00:32

Doggone, it was fun on Wall Street today. Dogs everywhere outside outside of the New York Stock Exchange. The reason? Chewy.com's IPO, of course. Shares jumped 85% soon after it debuted on the New York Stock Exchange with a first trade of $36. For the serious investor stuff, read these stories about...

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