A NRTA member company, Petco announced it is going public with shares priced at $18, above a previously provided range of $14 to $17 under the symbol WOOF. The operator of 1,470 stores has produced eight consecutive quarters of comp growth and is enticing investors with a growth strategy focused on veterinary and grooming services, loyalty initiatives, private brands and international expansion.
Capitalizing on pandemic fueled sales momentum, Petco is the retail industry’s largest IPO so far this year.
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