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Chewy, a pet-focused online retailer acquired for $3.3 billion by PetSmart in 2017, filed for an initial public offering on Monday.

The bottom line: Chewy has managed to successfully enter and grow in an e-commerce market where Amazon already played, with revenue climbing 50% last year to $3.5 billion. But it also will join a long line of other unprofitable tech companies going public, with a $268 million net loss for 2018.

Pet food e-commerce giant Chewy files for IPO

It's being spun out by PetSmart, which paid $3.3 billion to buy Chewy two years ago.

A good boy being fed at the 139th Annual Westminster Kennel Club Dog Show at Madison Square Garden. Photo: Timothy A. Clary/AFP/Getty Images

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Chewy, a pet-focused online retailer acquired for $3.3 billion by PetSmart in 2017, filed for an initial public offering on Monday.The bottom line: Chewy has managed to successfully enter and grow in an e-commerce market where Amazon already played, with revenue climbing 50% last year to $3.5 billion. But it also will join a long line of other unprofitable tech companies going public, with a $268 million net loss for 2018.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Pet food e-commerce giant Chewy files for IPO

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