1 The stock to watch: CHWY (though we wish it was WOOF)
Chewy is set to begin trading among the public company big dogs on Friday, but investors are already lapping it up.
IPO shares of Chewy, the largest US online retailer of pet food and supplies being spun out of PetSmart, were priced at $22, above the expected range. About 46.5 million Chewy shares were sold in the IPO, raising about $1 billion and valuing Chewy at about $8.8 billion. (PetSmart will continue to be the majority shareholder.)