Chewy (CHWY) began trading on the NYSE on Fri 14 June 2019

• Chewy, the online pet products retailer controlled by PetSmart, offered 46.5 million shares for $22 per share, 40.9 million of those being sold by PetSmart.
• Chewy stock (CHWY) opened at $36 and rose above $41 before finishing the day up 59% to $34.99.
• PetSmart paid $3.35 billion to acquire the company in 2017, in what was then the biggest ecommerce acquisition ever. 
• Founded in 2010; HQ in Dania Beach, Florida.
• Sector: Consumer Cyclical
• Industry: Specialty Retail
• Full Time Employees: 9,833
• http://www.chewy.com

In 2017, Chewy was acquired by PetSmart for a reported $3.35 billion. The closely held company continues to be a majority shareholder in Chewy. Chewy reported that PetSmart would own about 70% of total shares outstanding of common stock and about 77% of voting power following the IPO.

The Chewy.com application is displayed on an Apple Inc. iPhone.

The Dania Beach, Florida-based company is betting on what it calls "pet humanization" trends for the future of its business. Around 90% of dog owners and 86% of cat owners consider their pets to be part of their family, according to 2018 data from the market research firm Packaged Facts.


It's also betting on the sustained growth in the number of household pets. The American Pet Products Association, an industry group, estimates almost 85 million US households had at least one pet, up from nearly 73 million in 2010.

The company faces stiff competition from Amazon, which also sells pet products. Chewy's chief executive officer and former chief operating officer, Sumit Singh, was a former Amazon executive.