Chewy (CHWY) is Real Money's Stock of the Day. The Amazon of pet supplies is set to IPO on the NYSE today.
Shares are being priced at $22 per share, which is higher than the expected range of $19-$21.
Chewy was valued at $8.77 billion after more stock was sold than originally planned, as the company is proving to be popular among investors favoring the trend of "humanizing" pets among families.
However, as with other IPO names in 2019, Chewy only has registered net losses from operating activities thus far.
For more in-depth coverage on all things Chewy get over to Real Money.com, where Kevin Curran breaks down what numbers investors need to know.