As of now, Chewy, an online pet food, and supply retailer have caught the interest of investors. Although this pet-loving company has yet to go public with their stocks, they have been dabbling with numbers. As seen by major headlines throughout news sources, Chewy is hoping to open their shares at a decently high number.
Is Chewy Ready For This Change?
Going public is a big deal. Chewys announcement of their emerging IPO has investors and watchers closely monitoring this retailing company. From looking over charts and numbers it seems as if Chewy has been generating sales for positive reasons.
According to, 247walst, “From fiscal years 2012 to 2018, net sales per active customer grew from $223 to $334 and net sales grew from $26 million to $3.5 billion.” This quote reflects and gives a great example of just how well-off this company is; which means Chewy is ready for the change.
Chewy Numbers Make The World Go Round
In order to make an opinion about buying this stock once its IPO is accepted you need the current potential numbers to make a valid decision. The company has high expectations and is hoping to open its IPO shares at $17 or $19. If Chewy is successful and pulls enough loyal customers and investors to reach the $19 mark, then the value of the company will increase to an impressing $908.96 million.
When Chewy Goes Public, Should I Buy?
Truly? It is too early to tell. Chewy has only just begun submitting the proper paperwork in order to be considered for an IPO. The numbers the CEO and investors have thrown around are just mere predictions.
The only things we know for sure deal with the general companies wins and losses. Chewy has been making positive headlines which draw in investors. They have also been populating a hefty revenue that is only estimated to keep on growing.