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IPO Roundup: Online pet retailer Chewy, AI cybersecurity firm CrowdStrike headline week of IPOs

The largest online pet food retailer, Chewy plans to raise as much as $749 million
Chewy box
Chewy was founded in 2011 and acquired by PetSmart for $3.4 billion in 2017

CrowdStrike Holdings Inc (NASDAQ:CRWD) hopes to raise $522 million Tuesday night by selling 18 million shares at an expected price between $28 and $30. Founded in 2011, CrowdStrike is a cloud-based cybersecurity company. Its CrowdStrike Falcon platform relies on crowdsourced data and artificial intelligence to detect security threats and stop breaches. The company is headquartered in Sunnyvale, California.

Pricing Wednesday

Fiverr International (NYSE:FVRR) expects to rake in $100 million by offering 5.3 million shares at a price between $18 and $20 apiece. The Tel Aviv-based company has created a digital marketplace for freelance services, where business can find logo designers, video creators and any manner of work. Since its founding in 2010, the company has facilitated more than 50 million transactions.

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Pricing Thursday

Chewy Inc (NYSE:CHWY), the largest online pet food retailer, plans to raise $749 million by offering 41.6 million shares between $17 and $19 per share. The Dania Beach, Florida company is offering 5.6 million shares of Class A stock to raise up to $106.4 million, while a selling stockholder is offering the remaining 36 million shares. Founded in 2011 and acquired by PetSmart for $3.4 billion in 2017, the company has struggled to earn a profit thanks in part to its free shipping.

To be determined

Mohawk Group Holdings (NASDAQ:MWK), an AI driven consumer products company, plans to raise $50 million through the offering of 3.3 million shares at an expected price between $14 and $16. The New York-based company with offices in Canada, China and the Philippines uses artificial intelligence to track e-commerce trends. It’s signature product, the AI Mohawk E-commerce Engine (AIMEE) providers live market data and in-depth analytics.

–A previous version of this story incorrectly stated that the companies would raise up to the amounts listed, while the amounts actually represent the middle of the price ranges–

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel


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