Chewy, Inc. $1.2 Billion Initial Public Offering

Davis Polk advised the underwriters in connection with the $1.2 billion initial public offering of 53,475,000 shares of Class A common stock of Chewy, Inc., of which 5,600,000 shares were issued and sold by Chewy and 47,875,000 shares were sold by the selling stockholder. The shares include 6,975,000 shares sold by the selling stockholder from the full exercise of the underwriters’ option to purchase additional shares. The Class A common stock is listed on the New York Stock Exchange under the symbol “CHWY.”

Chewy is the largest pure-play pet online retailer in the United States. Its mission is to be the most trusted and convenient online destination for pet parents everywhere. Chewy partners with more than 1,600 of the best and most trusted brands in the pet industry to bring a high-bar, customer-centric experience to its customers. Chewy is headquartered in Dania Beach, Florida.

The Davis Polk capital markets team included partners Michael Kaplan and Marcel Fausten and associates Angela Park and David Li. The intellectual property and technology team included partner Pritesh P. Shah and associate Samantha Lefland. The environmental team included counsel Loyti Cheng and associate Michael Comstock. The tax team included partner David H. Schnabel and associate Tomislava Dragicevic. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.