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Friday, June 14, 2019

Feeding Frenzy: Chewy Stock Explodes Amid IPO Market Mania

By: Wes Messamore

Friday’s Chewy IPO was a feeding frenzy of investor enthusiasm for this summer’s latest hot new stock.

The IPO is clearly not dead in 2019, despite the brutal debuts of Lyft and Uber, which were all bark and no bite.

The tremendous showing of IPOs like CrowdStrike, Fiverr, Beyond Meat, and Chewy show that Wall Street is still hungry for promising new companies with husky business prospects.

The online pet retailer’s total raise topped $1 billion.

Read more at CCN.