Retail

Petco to go public after filing for IPO

There are approximately 1 400 Petco stores in the U.S. and 13 in Mexico.
There are approximately 1 400 Petco stores in the U.S. and 13 in Mexico.
05.10.2015

Petco Holdings, Inc. is to become public again nine years after the pet store operator was purchased by two private equity firms. The company filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC). No terms were given in the filing, and Petco has not yet announced what exchange it will file on or the symbol it will file under.
The company will not receive proceeds from the offering, which will instead go to the selling stockholders. The private equity firms and other investors are to retain majority voting power after Petco's IPO (initial public offering). Goldman Sachs, Merrill Lynch, JP Morgan, Morgan Stanley, Credit Suisse, Deutsche Bank, Jefferies, Wells Fargo, TPG Capital, Piper Jaffray, Stifel, Cantor Fitzgerald, Guggenheim and Nomura are the underwriters for the offering.
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