Chewy, Inc. announced on June 23, 2025, the pricing of an upsized underwritten public offering of 23,952,096 shares of its Class A common stock by Buddy Chester Sub LLC, an entity affiliated with BC Partners, at a price of $41.95 per share. Chewy will not sell any shares in this offering and will not receive any proceeds from the sale by the Selling Stockholder.
The company increased its commitment for a concurrent repurchase, agreeing to purchase $100.0 million of Class A common stock from the Selling Stockholder, an increase from the previously announced $50 million. This Concurrent Repurchase is separate from Chewy's existing $500 million share repurchase program, authorized on May 24, 2024.
The offering and the increased concurrent repurchase are expected to close by June 25, 2025, subject to customary closing conditions. This transaction will result in approximately 219 million shares of Class A common stock and 193 million shares of Class B common stock outstanding, assuming no exercise of the underwriter’s option.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.