New York (CNN Business) It was raining cats and dogs on Wall Street on Friday: Online pet supplies retailer Chewy made its debut. And it was a strong one.

Shares of Chewy, which was bought by retailer PetSmart in 2017 for nearly $3.4 billion, soared nearly 80% to about $39 in early trading Friday. The company was valued at more than $15 billion following the stock sale.

Chewy priced its initial public offering Thursday at $22 a share. That was above the expected range.

The company raised $1 billion from the stock sale and now trades on the New York Stock Exchange under the ticker symbol CHWY

PetSmart remains the majority owner of Chewy, with a 70% stake in the company and 77% controlling interest.

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