Chewy $1.15 billion secondary offering

Davis Polk advised J.P. Morgan Securities LLC as the underwriter in connection with a $1.15 billion secondary offering of 27,544,910 shares of Class A common stock of Chewy, Inc. sold by a selling stockholder, including 3,592,814 shares of Class A common stock purchased pursuant to the exercise of the underwriter’s option to purchase additional shares. The Class A common stock is listed on the NYSE under the symbol “CHWY.”

Chewy is the largest pure-play pet e-tailer in the United States, offering virtually every product a pet needs. Chewy was launched in 2011 to bring the best of the neighborhood pet store shopping experience to a larger audience, enhanced by the depth and wide selection of products and around-the-clock convenience that only e-commerce can offer. Through its websites and mobile applications, Chewy offers its customers approximately 130,000 products, compelling merchandising, an easy and enjoyable shopping experience and exceptional customer service. Chewy is dually headquartered in Boston, Massachusetts, and Plantation, Florida.

The Davis Polk capital markets team included partner Marcel Fausten and associate Kanger Jin. The intellectual property team included partner Pritesh P. Shah and associates Anthony Tran and Syma Birenbaum. The tax team included partner Ethan R. Goldman and associate Kelsey Nelson. All members of the Davis Polk team are based in the New York office.