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.
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