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.
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.
(Bloomberg) Petco Health and Wellness Co. jumped as much as 73% in the animal supply chain store’s return to the market after raising $864 million in an…