Chewy Stock Slides As Investors Digest $500M Offering From Largest Shareholder
Chewy Stock Slides As Investors Digest $500M Offering From Largest Shareholder
In connection with the offering, Chewy agreed to purchase $50 million of its common stock at the same price paid by the underwriters in the offering. The repurchased shares will be retired upon completion. The concurrent repurchase was approved by a special committee of Chewy's board.Chewy Inc (NYSE:CHWY) shares are moving lower in Wednesday's after-hours session after the company announced a public offering by a selling stockholder and a concurrent share repurchase.
Chewy Inc (紐交所:CHWY) 的股票在週三的盤後交易中下跌，此前公司宣佈了一名賣方股東的公開發行和一項同時進行的股份回購。
What Happened: After the market close on Wednesday, Chewy announced an underwritten public offering of $500 million of its common stock, being sold by Buddy Chester Sub LLC, an entity affiliated with funds advised by Chewy's largest shareholder BC Partners Advisors.
發生了什麼：週三市場收盤後，Chewy宣佈了一項價值50000萬美元的承銷公開發行，其普通股將由Chewy最大股東BC Partners Advisors所建議的資金關聯的Buddy Chester Sub LLC出售。
The selling stockholder plans to grant the underwriters a 30-day option to purchase up to an additional $75 million of Chewy common stock. Chewy will not be selling any shares in the offering, and will not receive any proceeds.
賣方股東計劃給予承銷商30天的選擇權，以購買額外7500萬美元的Chewy普通股。Chewy不會在此次發行中出售任何股份，也不會獲得任何收益。
In connection with the offering, Chewy agreed to purchase $50 million of its common stock at the same price paid by the underwriters in the offering. The repurchased shares will be retired upon completion. The concurrent repurchase was approved by a special committee of Chewy's board.
與此次發行相關，Chewy同意以承銷商在發行中支付的同一價格購買5000萬美元的自家普通股。回購的股份將在完成後註銷。此次同時回購得到了Chewy董事會特別委員會的批准。
Chewy shares are up approximately 37% year-to-date. The rally in the pet retailer's stock accelerated over the summer after meme stock trader Keith Gill, also known as "Roaring Kitty," announced a stake in the company.
Chewy的股票今年迄今已上漲約37%。在寵物零售商的股票在夏季加速上漲，此後米姆股票交易者Keith Gill（也被稱爲「Roaring Kitty」）宣佈對該公司的投資。
Gill sold his entire stake in Chewy a few months later. Chewy shares fell on the news, but the selloff was short-lived. Chewy had been Gill's only other publicly known investment outside of GameStop Corp (NYSE:GME), which has seen increased attention in recent months.
幾個月後，Gill出售了他在Chewy的所有股份。消息傳出時，Chewy的股票下跌，但此次拋售很快恢復。Chewy是Gill在遊戲驛站CORP (紐交所:GME)之外唯一公開已知的投資，後者近幾個月來受到更多關注。
GameStop and several other meme stocks popped last week after Gill posted an image of a TIME magazine cover featuring a blank computer screen and a video player paused at the 1:09 mark of a 4:20-long video. Chewy shares traded lower on the post.
上週，遊戲驛站和其他一些米姆股票在Gill發佈一張《時代》雜誌封面圖片之後上漲，封面顯示了一臺空白計算機屏幕和一臺暫停在4:20長視頻1:09時刻的視頻播放器。Chewy的股票在此發帖後交易下跌。
Chewy reported mixed quarterly financials last week, beating on earnings but missing on revenue. The company guided for fourth-quarter revenue of $3.18 billion to $3.2 billion versus estimates of $3.17 billion.
上週，Chewy報告了混合的季度業績，盈餘超出預期，但營業收入未達預期。公司預計第四季度的營業收入爲31.8億至32億美元，而估計爲31.7億。
Following the print, Goldman Sachs lifted its price target to $40, RBC Capital raised its target to $42 and JPMorgan maintained an Overweight rating and moved its price target up to $38.
在發佈數據後，高盛將其價格目標提高至40美元，RBC資本將其目標提高至42美元，摩根大通維持增持評級並將其價格目標上調至38美元。
CHWY Price Action: Chewy shares were down 2.92% in after-hours, trading at $31.59 at the time of publication Wednesday, according to Benzinga Pro.
CHWY價格動態：根據Benzinga Pro的數據，Chewy的股票在盤後交易中下跌2.92%，在週三發佈時交易價格爲31.59美元。
Photo: Courtesy of Chewy.
照片：來自Chewy。
譯文內容由第三人軟體翻譯。
