PetSmart's Chewy gets Wall Street tails wagging with $1 billion IPO
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.
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.
It's FRI-YAY. Jim Cramer had the morning off. So Real Money's Kevin Curran filled in. And, if you caught TheStreet's Facebook Live show Thursday morning, it was Curran's final day at TheStreet. So, he..