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Petco soars 73% in first day of trading after raising $817 million Matthew FoxJan 15, 2021, 00:50 IST AP Photo/Tony Dejak The pet-centric retailer raised $817 million in its IPO debut after its shares priced at $18. The IPO frenzy has continued into 2021 following the trading debut surges of Affirm and PoshMark. Petco soared in its first day of trading on Thursday, leaping as much as 72% in initial trades after raising $817 million in proceeds. The company priced its IPO at $18 per share and sold 48 million shares. The Pet Care company operates about 1,470 pet-care centers that sell food, toys, and supplies for a range of pets. The company also offers professional services like grooming, vet care and pet training. ....