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.
Goldman 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.
A 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
prospectus-ny@ny.email.gs.com, 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:
dg.prospectus_requests@bofa.com.
This 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.
About 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
through our products and services, and creating communities that
deepen the pet-pet parent bond. We operate more than 1,500 pet care
centers across the U.S., Mexico
and Puerto Rico, including a
growing network of more than 100 in-store veterinary hospitals, and
offer a complete resource for pet health and wellness online and
through the Petco app. In tandem with The Petco Foundation, an
independent nonprofit organization, through in-store adoption
events, we have helped find homes for more than 6.5 million
animals.
WOOF-F
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SOURCE Petco Health and Wellness Company, Inc.