Quantcast

Chewy prices upsized IPO at $22, above the upwardly revised range


Shutterstock photo

Chewy, the largest US online retailer of pet food and supplies being spun out of PetSmart, raised $1.0 billion by offering 46.5 million shares (88% insider) at $22, above the range of $19 to $21. Chewy plans to list on the NYSE under the symbol CHWY. Morgan Stanley, J.P. Morgan, Allen & Company, BofA Merrill Lynch, Barclays, Jefferies, RBC Capital Markets, UBS Investment Bank and Wells Fargo Securities acted as lead managers on the deal.

The article Chewy prices upsized IPO at $22, above the upwardly revised range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: News Headlines , IPOs



More from Renaissance Capital

Subscribe







Renaissance Capital
Contributor:

Renaissance Capital

IPOs












Research Brokers before you trade

Want to trade FX?