Chewy $500 million secondary offering

Davis Polk advised the underwriter in connection with a $500 million secondary offering of 16,666,667 shares of Class A common stock of Chewy, Inc. sold by a selling stockholder. The Class A common stock is listed on the NYSE under the symbol “CHWY.” In addition, the underwriter has an option to purchase up to an additional 2,500,000 shares of Class A common stock from the selling stockholder.

Chewy is the largest pure-play pet e-tailer in the United States, offering virtually every product a pet needs. Chewy was launched in 2011 to bring the best of the neighborhood pet store shopping experience to a larger audience, enhanced by the depth and wide selection of products and around-the-clock convenience that only e-commerce can offer. Chewy partners with more than 3,500 of the best and most trusted brands in the pet industry, and it creates and offers its own private brands. Through its websites and mobile applications, Chewy offers its customers approximately 115,000 products, compelling merchandising, an easy and enjoyable shopping experience and exceptional customer service. Chewy is dually headquartered in Boston, Massachusetts, and Plantation, Florida.

The Davis Polk capital markets team included partners Michael Kaplan and Marcel Fausten and associates Logan Crossley and Miranda Kantor. The intellectual property team included partner Pritesh P. Shah and associate Anthony Tran. The tax team included counsel Liang Zhang and associate Kelsey Nelson. All members of the Davis Polk team are based in the New York office.