03:36 AM EDT, 06/24/2025 (MT Newswires) -- Chewy (CHWY) said late Monday an upsized public offering of nearly 24 million of its class A shares by Buddy Chester Sub was priced at $41.95 apiece.

Buddy Chester is affiliated with funds advised by BC Partners PE, the company's largest shareholder. The selling stockholder granted underwriters a 30-day option to buy up to about 3.6 million additional shares.

Chewy said it won't receive any proceeds from the sale of the shares by the stockholder.

The company also agreed to buy $100 million of class A shares from the selling stockholder. The repurchase is expected to occur substantially concurrently with the closing of the offering, Chewy said.