Business
Petco Announces Closing of Initial Public Offering
SAN DIEGO, Jan. 19, 2021 /PRNewswire/ -- Petco Health and Wellness Company, Inc. ("Petco"), a complete partner in pet health and wellness, today announced the
About this update from Petco Health And Wellness Company, Inc.
[{"type":"text","content":"SAN DIEGO, Jan. 19, 2021 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (\"Petco\"), a complete partner in pet health and wellness, today announced the closing of its initial public offering of 55,200,000 shares of Class A common stock, including the full exercise by the underwriters of their option to purchase 7,200,000 additional shares of Class A common stock, at a price to the public of $18.00 per share. The Class A common stock is listed for trading on the Nasdaq Global Select Market under the ticker symbol \"WOOF.\" Petco received net proceeds from the offering of approximately $939.0 million, after deducting underwriting discounts and commissions.\n\n \n \n \n \n \n \n\n \nGoldman Sachs & Co. LLC and BofA Securities acted as joint lead book runners for the offering. Citigroup, Evercore ISI, Credit Suisse, UBS Investment Bank and Wells Fargo Securities acted as joint book runners, and Baird, Guggenheim Securities, AmeriVet Securities, C.L. King & Associates, R. Seelaus & Co., LLC, Ramirez & Co., Inc. and Siebert Williams Shank acted as co-managers for the offering.\nA registration statement relating to the shares being sold in this offering was declared effective by the U.S. Securities and Exchange Commission on January 13, 2021. The offering was made only by means of a prospectus, copies of which may be obtained from: Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282, by email at [email protected], or by telephone at (866) 471-2526; or BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, attention: Prospectus Department, or via email: [email protected].\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.\nAbout Petco, The Health + Wellness Co. Petco is a category-defining health and wellness company focused on improving the lives of pets, pet parents and our own Petco partners. Since our founding in 1965, we've been trailblazing new standards in pet care, delivering comprehensive wellness solutions thro...