Pet chain Petco announced the pricing of its IPO of 48 million shares of Class A common stock at a price of $18 per share, beyond the expected range of $14 to $17, valuing the company at $4.6 billion.
Tag: Chewy Inc
Coronavirus and market volatility shuts down the IPO market for potential listings like Airbnb
Investors likely won’t get their fix for newly public companies for a long time thanks to the financial turmoil caused by the spreading coronavirus. Logistics issues aside for investment bankers unable to travel, market volatility like this scares off companies who want to raise capital. The initial public offering calendar is looking sparse this year, […]
Dow futures dip 60 points
Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange. Drew Angerer | Getty Images This is a live blog. Check back for updates. 8:19 am: JPMorgan strategist calls for a market setback, says ‘short-term systematic sell signals’ triggered The U.S. stock market could be subjected […]