Investors love Broward’s Chewy. After Friday, South Florida wallets may grow too


    Late Thursday, Chewy, the Broward-based online pet store that is the largest of its kind, announced it would begin trading its shares Friday on the New York Stock Exchange at a price of $22.

    By 11:30 a.m. Friday, share prices had nearly doubled to more than $41. They closed the day up 56 percent to $34.99.

    The good news for South Floridians: The “pop” means investors believe the business is here to last, even though it is not yet profitable, analysts say.