has raised the price of its initial public offering, which launched Friday.

The online pet retailer priced each share at $22, up from the previously announced price of $19 a share, under the ticker “CHWY” on the New York Stock Exchange. Within minutes of trading, the stock price approached $40 a share.

Chewy is co-headquartered in Florida and Boston. As of October last year, the company had 180 employees working in its Fort Point office at 343 Congress St., where the company moved from…

Boston Biz Journal