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Pet Food IPO Chewy May Put Amazon On Its Heels

Shares of Chewy, the online pet product retailer owned by PetSmart, climbed as high as 85% Friday after the company made its public debut. It closed up 59.05% at $34.99 a share, up from its IPO price of $22. Founded in 2011 by Ryan Cohen and Michael Day, Chewy calls itself the “largest pure-play...
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