PetIQ (PETQ) IPO Opens Up 31%

Today's IPO for PetIQ, Inc. (NASDAQ: PETQ) opened for trading at $21 after pricing of its initial public offering of 6,250,000 shares of the Company’s Class A common stock at a public offering price of $16.00 per share.

Jefferies and William Blair are acting as book-running managers for the proposed offering. Oppenheimer & Co, Raymond James, and SunTrust Robinson Humphrey are acting as co-managers.

PetIQ is a pet medication and wellness company bringing a broad portfolio of veterinarian-recommended over-the-counter pet medications to a network of leading national retail stores across the mass, club, grocery, pharmacy, and e-commerce channels. PetIQ’s mission is to deliver pet owners a pipeline of innovative products that combine leading technology with affordability, choice and convenience.

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