Chewy Inc.
Chewy, Inc. Announces Secondary Offering and Stock Repurchase Agreement
Summary
On June 20, 2025, Chewy, Inc. announced a secondary offering by Buddy Chester Sub LLC, an affiliate of BC Partners PE LP, selling 23,952,096 shares of Class A common stock at $41.95 per share through J.P. Morgan Securities LLC as the underwriter. The offering closed on June 25, 2025, with an additional 3,592,815 shares exercised by the underwriter. Simultaneously, Chewy, Inc. entered into a stock repurchase agreement to buy back $100 million worth of shares from the Seller at the same price per share, which also closed on June 25, 2025, with 2,395,210 shares repurchased and retired. Neither the secondary offering nor the stock repurchase involved any direct sale or receipt of proceeds by Chewy, Inc.
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About Chewy Inc.
Chewy Inc. is a prominent player in the online retail industry, specializing in pet products and services. Its primary purpose is to offer pet owners a comprehensive, convenient shopping experience for all their pet-related needs. Chewy provides an expansive selection of over 2,000 brands, covering categories like pet food, treats, supplies, and pharmaceuticals, serving a wide range of pets from dogs and cats to reptiles and birds. Founded in 2011, Chewy has established itself as a leader in the pet e-commerce space, known particularly for its customer-centric approach, which includes 24/7 customer service and an autoship subscription service for regular delivery of pet essentials. The company's operations significantly impact sectors related to pet care and e-commerce, contributing to the evolving digital marketplace and changing how consumers procure pet supplies. With its headquarters located in Dania Beach, Florida, Chewy continues to influence the pet industry through strategic innovations and partnerships, fostering a seamless and efficient shopping experience for pet owners across the United States.
Official SEC Documents
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