The Chewy IPO is underway!
Source: Shutterstock
Here’s what potential investors need to know about the Chewy IPO.
- The company is trading shares of its Class A stock on the New York Stock Exchange.
- The ticker for the stock is “CHWY.”
- Chewy (NYSE:CHWY) will be running its IPO starting today and lasting until June 18, 2019.
- The Chewy IPO has the company offering up 46.50 million shares of its Class A common stock.
- The company is pricing these shares at $22.00 each during the IPO.
- That has the value of the IPO sitting at $1.023 billion.
- There’s also a 30-day option for underwriters of the IPO to buy additional shares.
- This leaves 6.975 million shares available to underwriters of the deal.
- That represents a value of $153.45 million.
- With that in mind, the Chewy IPO could reach a total value of $1,176,450,000.
- Allen & Company, J.P. Morgan Securities and Morgan Stanley are acting as joint lead bookrunning managers for the offering.
- BofA Merrill Lynch, Barclays Capital, BC Partners Securities, Jefferies, RBC Capital Markets, UBS Securities and Wells Fargo Securities are also acting as joint bookrunning managers for the IPO.
- Nomura Securities International, Raymond James & Associates and William Blair & Company are acting as co-managers for the IPO.
- Chewy is the online business of private pet store PetSmart.
You can follow this link to learn more about the Chewy IPO.
CHWY stock was up 68% as of Friday morning.
As of this writing, William White did not hold a position in any of the aforementioned securities.
