Online pet-products retailer Chewy is bringing more heat to the IPO market, pricing its eagerly-awaited listing at $22 per share on Thursday.

The Dania Beach, Florida–company raised its IPO range Wednesday, and was expecting shares to price between $19 to $21 per share. That was up from the previous $17 to $19 per share range.

Chewy is expected to start trading Friday morning on the New York Stock Exchange under the ticker “CHWY.”

Much like its recent IPO peers, Chewy is not yet a profitable company— but is reportedly valued at above $7 billion, classifying it as a unicorn. According to its S-1 filing, Chewy reported sales of $3.5 billion in 2018, up 67% from the prior year, and a net loss of $268 million.

About 42% of total revenue comes from pet food sales, while 25% comes from vet care and 22% comes from supplies and medicine. Furthermore, Chewy’s Autoship subscription service generated about $2.3 billion in sales in 2018.

As a pet-products e-commerce platform, Chewy relies heavily on web traffic. According to alternative data analyzed by Thinknum, Chewy has been seeing a healthy uptrend since 2017.

In 2017, PetSmart acquired Chewy and is its largest shareholder, and Chewy’s stock will trade under a dual-class structure.

PetSmart will own 278 million Class B shares, which will represent approximately 70% of Chewy’s total outstanding shares of common stock and approximately 77% of the combined voting power of both classes of common stock.

Chewy’s public debut follows many high-profile unicorn IPOs this year.

Ride-sharing companies Uber (UBER) and Lyft (LYFT), online scrapbook company Pinterest (PINS), alternative-meat maker Beyond Meat (BYND), video-conferencing service Zoom Communications (ZM), denim brand Levi’s (LEVI), freelance services provider Fiverr (FVRR) and cloud company PagerDuty (PD) are just some of the companies that have hit the public market within the first half of this year.

Meanwhile, there are several more waiting to jump out of the gate.

—

Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung.

Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and reddit.

More from Heidi:

Amazon is on a hiring spree in China, exclusive data shows

McDonald’s remains brand favorite among consumers: UBS survey

Beyond Meat gives strong guidance, shares rise

Here's where you can actually find Beyond Meat

Here’s what Wall Street analysts are saying about Uber