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Chewy, Inc.Announces Offering of Class A Common Shares



BEACH DISHES, Florida – (BUSINESS WIRE) – Chewy, Inc. (Soft) (NYSE: CHWY) announced today that it has launched a subscribed public offering (the Offer) of approximately $ 275 million of shares of its Class A common shares. The subscriber has agreed to purchase all of the offered shares, and the shares may be offered by the subscriber from time to time for sale under of one or more transactions on the New York Stock Exchange, in the over-the-counter market, by negotiation transactions or otherwise at market prices prevailing at the time of sale, at prices linked to prevailing market prices or at negotiated prices. The Company intends to grant the Underwriter an option to purchase up to 15% of Class A Common Shares. The Company expects to use the net proceeds of the Offering for general corporate purposes, including growth initiatives to expand our entire addressable market. The Offer is subject to market and other conditions.

Morgan Stanley & Co. LLC is acting as sole underwriter for the Offer.

The Offer is being made pursuant to an automatic registration statement filed with the United States Securities and Exchange Commission (SECOND) on September 16, 2020. The offering will only be made by means of a prospectus supplement and the accompanying prospectus. Before investing, potential investors should read the Prospectus, the Prospectus Supplement and the materials incorporated by reference therein for more complete information about Chewy and the Offering. These documents can be obtained free of charge by visiting the SEC website at Alternatively, copies of the Prospectus Supplement and accompanying Prospectus, when available, can be obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor any sale of securities in any state or jurisdiction where such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Any offer, solicitation or offer to buy or sell securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

About Chewy

Our mission is to be the most reliable, convenient online destination for pet parents (and partners) everywhere. We believe that we are the premier online source for pet products, supplies and prescriptions with our wide selection of high quality products, competitively priced and delivered with an exceptional standard of care and a personal touch. . We are continually developing innovative ways for our customers to engage with us, and we partner with over 2000 of the best and most trusted brands in the pet industry to provide our customers with a upscale and customer centric.

Forward-looking statements

This press release contains forward-looking information, in particular with regard to the Offer. These statements are made by the use of words or phrases such as will or expect and similar words and phrases from the future. Forward-looking statements involve known and unknown risks, uncertainties and assumptions, including the risks described under Risk Factors in the preliminary prospectus relating to the Offer and elsewhere in documents filed by the Company with the SEC, which may cause actual results to differ materially from any results. expressed or implied in any forward-looking statement. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it cannot guarantee future results. The Company has no obligation, and assumes no obligation, to update or revise any forward-looking statements made in this press release to reflect changes since the date of this press release, except as required by law. required.

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