Chewy, Inc.

Chewy, Inc. (CHWY) priced its initial public offering on Jun 17, 2019 at $22.00 per share, above its $19.00–$21.00 range, raising $1.02B, and listed on NYSE. At the IPO price its market capitalization was about $8.77B. Morgan Stanley was lead-left underwriter, joined by J.P. Morgan, Allen & Company and Barclays and others. Kirkland & Ellis advised the company and Davis Polk advised the underwriters.

Chewy, Inc. is an online retailer of pet products in the United States, selling a wide selection of food, supplies and other items from more than 1,600 brands as well as its own private brands. The company has filled more than 100 million orders since 2011.

Status

IPO

Ticker

CHWY

Exchange

NYSE

Priced

Jun 17, 2019

IPO price

$22.00

Price range

$19.00–$21.00

Raised

$1.02B

Market cap at IPO price

$8.77B

First filed

Apr 29, 2019

Underwriters

Morgan Stanley, J.P. Morgan, Allen & Company, Barclays, Jefferies, RBC Capital Markets, UBS, Wells Fargo, Nomura and Raymond James

Company counsel

Kirkland & Ellis

Underwriters' counsel

Davis Polk

Sector

Consumer

Country / state

FL

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.