News Formal

Chewy's stock soars at the open, boosting market cap to nearly $15 billion

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Chewy's valuation at its IPO price approached $9 billion ... now after the open, its market cap has been boosted to nearly $15 billion

Shares of Chewy Inc.

took flight at their open Friday, to trade 72% above the $22 initial public offering price. The stock's first trade was at $36 at 11:03 a.m. Eastern for 6.1 million shares, then kept rising. The pet e-tailer's IPO priced late Thursday above the expected range of $19 to $21 a share, which was recently raised from $17 to $19. The company raised $129.8 million in the IPO through the sale of 5.6 million shares, while its biggest shareholder, parent PetSmart Inc., raised $899.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Damn quick cash

What a joke!

My cat is buying....

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves premarket: Chewy, Broadcom, Mattel, Comcast, Sony & moreThese are the stocks posting the largest moves before the bell.
Source: CNBC - 🏆 12. / 72 Read more »