Chewy $575 million secondary offering
The shares are listed on the New York Stock Exchange
Davis Polk advised the underwriter in connection with a $575 million secondary offering of 18,230,818 shares of Class A common stock of Chewy, Inc. sold by a selling stockholder, including 2,377,932 shares of Class A common stock purchased pursuant to the full exercise of the underwriter’s option to purchase additional shares. The Class A common stock is listed on the NYSE under the symbol “CHWY.”
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 David Giordano. The intellectual property team included partner Pritesh P. Shah and associate Anthony Tran. The tax team included partner Ethan R. Goldman and associates Charles Collier and Kelsey Nelson. All members of the Davis Polk team are based in the New York office.