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CHWY News

The 2020 IPO market is now up 43% from its lows, a promising sign for May

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IPOs are leading the stock market's recovery. The Renaissance IPO Index has soared 42.6% from its mid-March low, compared to a 28.9% rebound for the S&P 500. The IPO Index, which is composed of the largest and most liquid IPOs over the past two years and...read more

Is the IPO market the pathway out of the forest?

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There is no better beacon of light for a path out of the tangled forest created by the Covid-19 virus than the ingenuity of the American people. It’s expressed in businesses large and small quickly transforming themselves into producers of PPE and the...read more

US IPO Weekly Recap: Three IPOs pop more than 50% as investors go gaga for growth

CRWD

Four companies raised a combined $1.8 billion in the public markets this week, with three posting first-day returns greater than 50%. CrowdStrike Holdings (CRWD), a provider of cloud-native endpoint security software for large enterprises...read more

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

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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...read more