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) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $37.00 price target on the stock.MarketBeat
- Pet Care E-Commerce Industry Forecast, 2029: AI-Powered Recommendations and Subscription Services Propel Customer Loyalty in Pet Care E-Commerce [Yahoo! Finance]Yahoo! Finance
- Chewy, Inc. Announces Pricing of Offering of Class A Common Stock by Selling Stockholder and Concurrent RepurchaseBusiness Wire
- Chewy, Inc. Announces Public Offering of Class A Common Stock by Selling Stockholder and Concurrent Share RepurchaseBusiness Wire
- Chewy, Inc. (NYSE: CHWY) had its price target raised by analysts at JPMorgan Chase & Co. from $37.00 to $38.00. They now have an "overweight" rating on the stock.MarketBeat
CHWY
Earnings
- 12/4/24 - Beat
CHWY
Sec Filings
- 12/19/24 - Form 144
- 12/13/24 - Form 4
- 12/13/24 - Form 8-K
- CHWY's page on the SEC website