Chewy (CHWY) expects to raise $749 million in an IPO on Friday, June 14th, IPO Scoop reports. The company will be issuing 41,600,000 shares at $17.00-$19.00 per share.

In the last twelve months, Chewy generated $3.5 billion in revenue and had a net loss of $267.9 million. The company has a market-cap of $7.2 billion.

Morgan Stanley, J.P. Morgan and Allen & Company served as the underwriters for the IPO and BofA Merrill Lynch, Barclays, Jefferies, RBC Capital Markets, UBS Investment Bank, Wells Fargo Securities, Nomura, Raymond James and William Blair were co-managers.

Chewy provided the following description of their company for its IPO: ” Our mission is to be the most trusted and convenient online destination for pet parents everywhere. Since our launch, we have created the largest pure-play pet e-tailer in the United States, offering virtually everything a pet needs. We believe that we are the preeminent online destination for pet parents as a result of our broad selection of high-quality products, which we offer at great prices and deliver with an exceptional level of care and a personal touch. We are the trusted source for pet parents and continually develop innovative ways for our customers to engage with us. We partner with more than 1,600 of the best and most trusted brands in the pet industry, and we create and offer our own outstanding private brands. “.

Chewy was founded in 2011 and has 9833 employees. The company is located at 1855 Griffin Road, Suite B-428, Dania Beach, FL 33004, US and can be reached via phone at (786) 320-7111 or on the web at http://www.chewy.com.

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Source:: Daily Times

      

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Chewy (NASDAQ:CHWY) Plans to Raise $749 Million in June 14th IPO

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