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Petco Leaps 73% In It's First Day On The Stock Market

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Petco soared as much as 73% in its first day of trading on Thursday. Petco 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. Business Insider reports that Petco 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.

Added on the 14/01/2021 15:13:42 - Copyright : Wochit

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