Pet retailer Petco goes public: CNBC

Pet retailer Petco raised $816 million for its IPO after selling its shares at $18 per share, reported CNBC.

Pet retailer Petco raised $816 million for its IPO after selling its shares at $18 per share, reported CNBC. The IPO puts Petco at a valuation of about $4 billion. Petco went public January 14, 2021 on the NASDAQ under the ticker symbol “WOOF.” Goldman Sachs, and BofA Securities are the lead underwriters for the IPO. Petco is backed by Canada Pension Plan Investment Board and CVC Capital.

Source: CNBC