In the future, you will have the chance to become a shareholder in the pet retail giant, Petco. Filed on Monday, Petco Holdings Inc. is preparing for its third initial public offering (IPO) in the past 30 years. The San Diego-based company previously exited the public markets in a substantial $1.8 billion leveraged buyout back in 2006, led by Leonard Green & Partners and Texas Pacific Group.
The paperwork submitted to the Securities and Exchange Commission by Petco doesn’t specify the exchange it plans to be listed on or details such as how many shares they plan to sell. Goldman Sachs & Co., BofA Merrill Lynch, and J.P. Morgan are named as the chief underwriters for the offering, developments initially rumored earlier this summer. Discover more on Market Watch. Picture courtesy of Werner Detjen on smartasset.com.
