Chewy's IPO gives PetSmart's creditors a sloppy kiss. richardbeales1
Chewy on June 3 said it was launching the roadshow for its initial public offering and filed a revised draft prospectus giving an indicative price range of $17 to $19 per share. At the midpoint, the offer would value the company’s equity at about $7.2 billion before any additional dilution.
Chewy, which sells pet supplies online, is controlled by U.S. retail-store chain PetSmart, itself owned by a private-equity consortium led by BC Partners.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
As was predicted, Uber’s IPO means you’ll be paying higher fares for your ridesFollowing Uber’s earnings release Thursday, company leadership gave a loud and clear signal. “We expect to deploy fewer consumer promotions in Q2 of 2019.” Translation: lower subsidies for riders. More from columnist hiltzikm:
Read more »
WeWork looking for $2.75 billion credit line ahead of IPO: BloombergWorkspace operator WeWork Cos is in talks with banks to raise $2.75 billion in d...
Read more »
Alibaba Considers Listing in Hong KongChinese e-commerce titan Alibaba is weighing a plan to list in Hong Kong, a move that would create a round-the-clock market for its shares and bring in more investors from the region.
Read more »
Abercrombie & Fitch shares tank 17% on weak same-store sales, retailer closing 3 large flagship storesAbercrombie's same-store sales growth of 1% during the first quarter came in short of what analysts were expecting, sending the retailer's stock tumbling.
Read more »
Supply Chain Fragility: Weaponizing Trade Won't Be Felt Immediately, But There Will Be SurprisesModern supply chains have multiple tiers and are exceedingly complex. Weaponizing parts can have unexpected consequences.
Read more »
I tasted french fries from 8 major fast-food chains, and the winner surprised meWe taste-tested fries from eight major fast-food chains including McDonald's, Burger King, Chick-fil-A, and Shake Shack. Here's how they compare.
Read more »
Everyone Is A Combo Of A Pop Star And A Fast-Food Chain – Which Are You?Take This Personality Quiz And We'll Reveal Which Pop Star And Fast-Food Chain You Are
Read more »
Restaurant Servers, Tell Us Your Biggest Customer Pet PeevesRestaurant Servers, What Are Your Biggest Customer Pet Peeves?
Read more »
WeWork looking for $2.75 billion credit line ahead of IPO: BloombergWorkspace operator WeWork Cos is in talks with banks to raise $2.75 billion in d...
Read more »
In a crowded field of big-name IPOs, Beyond Meat emerges as the surprise MVP
Read more »