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PetSmart's Chewy gets Wall Street tails wagging with $1 billion IPO

Reuters Friday, 14 June 2019
Chewy Inc said on Thursday it priced its initial public offering at $22 per share, above its target, and sold more stock than originally planned, valuing the online pet products retailer at $8.77 billion.
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News video: Chewy debut gives Wall St. a taste of booming pet market

Chewy debut gives Wall St. a taste of booming pet market 01:59

Shares of pet product retailer Chewy soared as much as 87 percent in their first day of trading but finished with a 60 percent surge as Wall Street looks to get a piece of the growing $70 billion U.S. pet market. Conway G. Gittens reports.

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