Chewy shares surge 63% in debut as investors bank on booming pet market [Reuters (UK)]
Chewy, Inc. Class A (CHWY)
Last chewy, inc. class a earnings: 12/9 04:15 pm
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Source: Reuters
Chewy shares surge 63% in debut as investors bank on booming pet market - Reuters 1 Min Read (Reuters) - Shares of Chewy Inc rose 63% in their debut, giving the online pet products retailer a market value of $14.35 billion, more than four times the price PetSmart paid for the company in 2017. The shares opened at $36, above their initial public offering price of $22. Indicating solid investor appetite for a piece of the $70 billion U.S. pet industry market, the offering was priced higher than the expected range and the company sold more shares than originally planned. Chewy raised $123.2 million from the offering and parent PetSmart will receive nearly $900 million. The online retailer of puppy shampoo and cat treats plans to use the funds to grow its pharmacy business and build its private brands. Reporting by Manas Mishra and Tamara Mathias in Bengaluru; Editing by Sriraj Kalluvila All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
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CHWY
News
- Chewy, Inc. (NYSE: CHWY) was upgraded by analysts at Bank of America Co. from an "underperform" rating to a "buy" rating. They now have a $40.00 price target on the stock, up previously from $24.00.MarketBeat
- Chewy, Inc. (NYSE: CHWY) had its price target raised by analysts at Barclays PLC from $34.00 to $40.00. They now have an "overweight" rating on the stock.MarketBeat
- Whisker Announces Nationwide Retail Expansion at Best Buy [Yahoo! Finance]Yahoo! Finance
- Chewy Announces Fiscal Third Quarter 2024 Financial Results Conference CallBusiness Wire
- Chewy Claus is Back to Help Thousands of Pets Find Loving Homes; Spread Holiday Magic [Yahoo! Finance]Yahoo! Finance
CHWY
Earnings
- 8/28/24 - Beat
CHWY
Sec Filings
- 11/12/24 - Form SC
- 11/6/24 - Form SC
- 11/4/24 - Form SC
- CHWY's page on the SEC website