Chewy (CHWY) announced the commencement of an underwritten public offering of $500M of shares of its Class A common stock by Buddy Chester Sub, which is an entity affiliated with funds advised by BC Partners Advisors, Chewy’s largest shareholder. Chewy will not sell any shares of its Class A Common Stock in the offering and will not receive any proceeds from the sale of the shares of Class A Common Stock being offered by the selling stockholder. Barclays is acting as the sole underwriter for the offering.
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