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Petco prices IPO above target range to raise $816 million


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. ....

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Petco prices IPO at $18 per share, above indicated range: source


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. ....

United States , New York , Puerto Rico , San Diego , Aurora Ellis , Chris Reese , Chibuike Oguh , Joshua Franklin , Thomson Reuters Trust Principles , Northern Star Acquisition Corp , Goldman Sachs , Chewy Inc , Petco Health , Wellness Company Inc On , Affirm Holdings Inc , Wellness Company Inc , Canada Pension Plan Investment Board , Northern Star Acquisition , California Based Petco , Bofa Securities , Thomson Reuters Trust , Company News , Financials Legacy , Equity Capital Changes , Financials Trbc Level 1 , Initial Public Offerings ,