Chewy Prepares for IPO

Online pet product retailer Chewy, Inc. has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) in preparation for a proposed initial public offering of its Class A common stock under the ticker "CHWY."


The number of shares and price range that will be offered were not disclosed in the filing, nor was the amount of capital Chewy expects to raise through the IPO. It is reported that previous estimates placed the company's value at "between $4.15 billion and $4.75 billion, according S&P Global Ratings." 


The registration statement was filed on April 29 but is not yet effective. It lists Allen & Company LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC as joint lead bookrunning managers for the offering, which will be made only by means of a prospectus.


When available, copies of the preliminary prospectus can be obtained from: 


Allen & Company LLC

Attention: Prospectus Department

711 Fifth Avenue, 10th Floor

New York, NY 10022

(212) 339-2220


J.P. Morgan Securities LLC

c/o Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, NY 11717

(866) 803-9204


Morgan Stanley & Co. LLC

Attention: Prospectus Department

180 Varick Street, 2nd Floor

New York, NY 10014