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Last year Brookfield Asset Management Inc and the Canada Pension Plan Investment Board (CPPIB) were said to be mulling a bid for the fibre unit of Brazilian telecom firm Oi SA. Now press reports suggest that one of these two – the CPPIB – is going ahead.
By Reuters Staff
2 Min Read
(This Jan 14 story, corrects amount raised in headline and first paragraph to $864 mmillion from $816 million)
FILE PHOTO: A Petco store logo is pictured on a building in North Miami, Florida March 19, 2016. REUTERS/Carlo Allegri
(Reuters) - Pet retailer Petco Health and Wellness Company Inc said on Wednesday it sold shares in its initial public offering (IPO) at $18 apiece, above its target range, to raise about $864 million.
Petco, which is owned by the Canada Pension Plan Investment Board (CPP Investments) and private equity firm CVC Capital Partners, had aimed to sell 48 million shares at a target range of $14 to $17 per share.
Online payments company Affirm pops on public debut as others queue for IPOs
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Shares in online payments company Affirm Holdings Inc. nearly doubled on their public debut on the Nasdaq today as the market for initial public offerings in 2021 appears to be as hot as it was in 2020.
Affirm operates in the “buy now, pay later” short-term finance market, a segment of the financial services industry that has become popular over the last few years. The company priced its shares in its IPO at $49, above its initial target range of $41 to $44. But those numbers meant nothing to investors as Affirm shares surged to more than $100 at one point before closing regular trading at $97.24, up 98% over its IPO price.