Categories Technology
IPO: This online retailer is going public tomorrow, and investors are thrilled
We are seeing some back-to-back tech IPOs this week, with cybersecurity firm Crowdstrike (NASDAQ: CRWD) getting an overwhelming response on Wednesday and freelancing platform Fiverr hitting the market on Thursday.
Closely following them is e-commerce firm Chewy, which sells pet food and other pet-related products. The company will start trading under the ticker symbol CHWY on the New York Stock Exchange on Friday.

The company had initially expected to price its 41.6 million shares in the range of $17 to $19, but considering the strong investor demand, raised it to $19 to $21. At the top end of this price range, the company would be valued at approximately $8.4 billion.
The company is eyeing $870 million in net proceeds from the IPO, which it says would be used for general corporate purposes.
The Dania Beach, Florida-based firm had recorded $3.5 billion in revenues last year, a 67% jump year-over-year. This is an increase from around $26 million in 2012. However, the company has not been profitable and recorded $267.9 million in 2018.
READ: Things to know as Crowdstrike makes a scintillating market debut
According to its SEC filing, for the quarter ended May 5, 2019, the company has projected revenues of $1.11 billion, a 45% increase from the same period last year, helped by customer growth. Chewy also said it expects to cut down its net losses to $29.5 million during this period, which is almost half of what it reported last year.
Founded in 2011, Chewy.com was acquired by retail chain PetSmart in 2017, reportedly for $3.35 billion. It was later spun off, but PetSmart continues to be a major stakeholder in the Chewy.
Chewy says it has over 45,000 products on is website from over 1,600 brands. Almost half of its revenues come from the sale of pet food, while the rest come from medicines and vet care products.
Most Popular
Earnings Preview: What to look for when Kroger (KR) reports Q1 2025 results
The Kroger Co. (NYSE: KR) is expected to report its first-quarter financial results next week. Customer engagement remained stable last year, driven by high-quality products and tailored promotional offers. Recently,
Adobe (ADBE) Q2 adjusted earnings rise on higher revenues
Adobe Inc. (NASDAQ: ADBE) on Thursday reported an increase in revenue and adjusted profit for the second quarter of 2025, amid continued growth in its subscription-based business. The design software
ORCL Earnings: Highlights of Oracle’s Q4 2025 financial report
Technology giant Oracle Corporation (NYSE: ORCL) has reported higher revenues and adjusted earnings for the fourth quarter of 2025. Total revenues increased to $15.9 billion in the May quarter from